Browsing FAS Scholarly Articles by Keyword "credit constraints"

Now showing items 1-2 of 2

    • Credit Constraints and the Cyclicality of R&D Investment: Evidence from France 

      Aghion, Philippe; Askenazy, Philippe; Berman, Nicolas; Cette, Gilbert; Eymard, Laurent (Wiley-Blackwell, 2012)
      We use a French firm-level data set containing 13,000 firms over the period 1994–2004 to analyze the relationship between credit constraints and firms’ R&D behavior over the business cycle. Our main results can be summarized ...

    • Volatility and growth: Credit constraints and the composition of investment 

      Aghion, Philippe; Angeletos, George-Marios; Banerjee, Abhijit; Manova, Kalina (Elsevier BV, 2010)
      This paper examines how uncertainty and credit constraints affect the cyclical composition of investment and thereby volatility and growth. We develop a model where firms engage in two types of investment: a short-term one; ...