Epidemic disease and financial development
نویسندگان
چکیده
We study the impact of an epidemic disease on modern financial development by exploiting geographic variations in precolonial survival conditions TseTse fly, which transmits that is harmful to humans and fatal livestock Africa. Using newly georeferenced data, we discover firms households regions historically more exposed have less access external financing today. Exploring channels, find people infested are likely trust others institutions, share credit information learn adopt new technologies.
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2022
ISSN: ['1879-2774', '0304-405X']
DOI: https://doi.org/10.1016/j.jfineco.2021.06.003