Do power outages hurt registered firms' access to finance in developing countries?
This paper examines the effect of power outages on registered firms' access to finance in developing countries, using firm-level data from the World Bank Enterprise Surveys (2006–2024) covering 99 countries and over 120,000 observations. Applying entropy balancing, we show that power outages signifi...
| Publicado en: | Oxford Economic Papers Vol. 78; no. 3; pp. 770 - 799 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Jul2026
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=196419366&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 196419366 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00307653 OXE jtl: Oxford Economic Papers issn: 00307653 maglogo: N pubinfo: dt: Jul2026 vid: 78 iid: 3 pid: 622 pub: Oxford University Press / USA artinfo: ui: 196419366 10.1093/oep/gpag024 ppf: 770 ppct: 29 formats: tig: atl: Do power outages hurt registered firms' access to finance in developing countries? aug: au: Kouakou, Dorgyles C M affil: Université de Rennes, CNRS, CREM—UMR 6211, Rennes, F-35000, France su: Economic impact Grants (Money) Corporations Electric power failures Developing countries Economic statistics sug: subj: Economic impact Grants (Money) Corporations Electric power failures Developing countries Economic statistics keyword: access to finance copyrightHolder:Oxford University Press copyrightYear:2026 developing countries electricity infrastructure entropy balancing G20 H54 inLanguage:en L94 O13 O16 power outages publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/oep/gpag024 access to finance copyrightHolder:Oxford University Press copyrightYear:2026 developing countries electricity infrastructure entropy balancing G20 H54 inLanguage:en L94 O13 O16 power outages publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/oep/gpag024 ab: This paper examines the effect of power outages on registered firms' access to finance in developing countries, using firm-level data from the World Bank Enterprise Surveys (2006–2024) covering 99 countries and over 120,000 observations. Applying entropy balancing, we show that power outages significantly increase firms' financing constraints, defined as limitations in access to external finance, and this result is robust across specifications. The effect exhibits substantial heterogeneity across sectors, outage duration and frequency, export intensity, and energy intensity, and varies with key structural conditions. In particular, the adverse impact intensifies in environments with higher bank non-performing loans, while it is mitigated by greater net official development assistance and wider interest rate spreads. We further document that reduced productivity growth and slower sales growth act as transmission channels through which outages exacerbate financing constraints. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|