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dc.contributor.authorEuropean Investment Bank
dc.date.accessioned2024-02-17T04:01:35Z
dc.date.available2024-02-17T04:01:35Z
dc.date.issued2023
dc.date.submitted2024-02-16T05:30:52Z
dc.identifierhttps://library.oapen.org/handle/20.500.12657/87740
dc.identifier.urihttps://directory.doabooks.org/handle/20.500.12854/134336
dc.description.abstractMany creditworthy non-financial firms are discouraged from applying for loans, resulting in a significant gap between their potential to receive credit and the reality. To quantify the credit gap, this study combines a credit allocation rule with a scoring model that assesses the creditworthiness of discouraged firms. It covers 35 emerging markets and developing economies and uses data from the 2018-2020 EBRD-EIB-World Bank Enterprise Survey. The results show that discouraged firms are less creditworthy than successful applicants, on average. However, the share of discouraged firms that are creditworthy is large, suggesting that credit to firms is being rationed by the financial sector. The results point to an average credit gap of 8.4% of GDP, with significant variation across countries. Small and medium-sized firms account for more than two-thirds of the total gap, reflecting both their large contribution to economic activity and the fact that they are more likely to be credit-constrained than larger firms.
dc.languageEnglish
dc.rightsopen access
dc.titleEIB Working Paper 2023/06
dc.title.alternativeQuantifying credit gaps using survey data on discouraged borrowers
dc.typebook
oapen.identifier.doi10.2867/292116
oapen.relation.isPublishedByfeca012f-a3d8-4aac-95aa-b6cf4bdbed7c
oapen.relation.isFundedBy969f21b5-ac00-4517-9de2-44973eec6874
oapen.collectionKnowledge Unlatched (KU)
oapen.imprintEuropean Investment Bank
dc.numberd22193c9-9fd4-4303-9cb1-f05e287cdaee
dc.relationisFundedByb818ba9d-2dd9-4fd7-a364-7f305aef7ee9


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