Plausibly Exogenous [1622] - Long-term Credit (07/12/2024)

LHS Variable
Green innovation

RHS Variable
Long-term credit

Source of Exogenous Variation
In China, industries typically face challenges accessing long-term debt, with short-term debt making up approximately 80% of the total in recent years. In the first quarter of 2019, the People’s Bank of China included long-term loans in the Macro Prudential Assessment.

- Lyu, Liu, and Ji (2024), “Long-term credit and green innovation : causal evidence from China”