Le determinanti del credito al consumo in Italia: il ruolo della grande distribuzione
DOI:
https://doi.org/10.13133/2037-3651/10389Parole chiave:
credito al consumo, Italia, grande distribuzioneAbstract
Although consumer credit has grown very fast over the last decade, the dimension of the market is still small by international standards and its degree of development differs considerably across local markets. This paper presents an empirical analysis on the determinants of consumer credit based on data from the Italian provinces. The results show a positive correlation between the development of consumer credit and the diffusion of major retail outlets, that enlarge credit supply by offering systematic installment plans through consumer credit transactions, not available for smaller stores.
JEL Codes: C23, D12, E51
Riferimenti bibliografici
AGARWAL S. e al. (2006), "Do consumers choose the right credit contract?", Working Paper, no. 2006/11, Federal Reserve Bank of Chicago.
AIMONE L. (2004), "Barriere all'entrata, produttività e margini nel settore della distribuzione alimentare", Banca d'Italia, mimeo.
ALESSIE R., S. HOCHGUERTEL e G. WEBER (2005), "Consumer credit: evidence from Italian micro data", Journal of the European Economic Association, vol. 3, no. 1, pp. 144-78.
ASSOFIN CRIF, PROMETEIA (2004), Osservatorio sul credito al dettaglio, n. 17, settembre, Bologna.
BARONE G., R. FELICI e M. PAGNINI (2006), "Il credito al consumo in Italia: prodotti, intermediari e diffusione territoriale", Banca Impresa Società, vol. XXV, n. 3, pp. 477-98.
BERTAUT C. e M. HALIASSOS (2006), "Credit cards, facts and theory", in G. Bertola, R. Disney and C. Grant eds, The Economics of Consumer Credit, MIT Press, Cambridge, Mass. and London, pp. 181-237.
BERTRAND M. et al. (2005), "What's psychology worth? A field experiment in the consumer credit market", NBER Working Paper, no. 11892.
BOFONDI M. e F. LOTTI (2006), "Innovation in the retail banking industry: the diffusion of credit scoring", Review of Industrial Organization, vol. 28, no. 4, pp. 343-58.
CASOLARO L. e L. GAMBACORTA (2005), "Un modello econometrico per il credito bancario alle famiglie in Italia", Moneta e Credito, vol. LVIII, n. 229, pp. 29-56.
CASOLARO L., L. GAMBACORTA e L. GUISO (2005), "Regulation, formal and informal enforcement and the development of the household loan market. Lessons from Italy", Temi di discussione, n. 560, Banca d'Italia.
COX D. e T. JAPPELLI (1993), "The effect of borrowing constraints on consumer liabilities", Journal of Money, Credit and Banking, vol. 25, no. 2, pp. 197-213.
DUCA J.V. e S.S. ROSENTHAL (1993), "Borrowing constraints, household debt and racial discrimination in loan markets", Journal of Financial Intermediation, vol. 3, no. 1, pp. 77-103.
FABBRI D. e M. PADULA (2001), "Judicial costs and household debt", Working Paper, CSEF, Università di Salerno.
FISHER I. (1930), The Theory of Interest, The Macmillan Company, New York.
GRANI C. e M. PADULA (2006), "Informal credit markets, judicial costs and consumer credit: evidence from firm level data", mimeo, Università degli Studi di Salerno.
GROSS D.B. e N.S. SOULELES (2002), "Do liquidity constraints and interest rates matter for consumer behavior? Evidence from credit card data", Quarterly Journal of Economics, vol. 117, no. 1, pp. 149-85.
GUISO L., P. SAPIENZA e L. ZINGALES (2004), "The role of social capital in financial development", American Economic Review, vol. 94, no. 3, pp. 526-56.
JAPPELLI T. e M. PAGANO (1989), "Consumption and capital market imperfections: an international comparison", American Economic Review, vol. 79, no. 5, pp. 1088-105.
LAWLESS R.M. (2006), "The paradox of consumer credit", Working Paper, no. LE06- 015, Illinois Law and Economics Working Papers Series.
MAGRI S. (2002), "Italian households' debt: determinants of demand and supply", Temi di discussione, n. 454, Banca d'Italia.
MERCER OLIVER WYMAN e ECRI (2005), "Consumer credit in Europe: riding the wave", London and Brussels.
MODIGLIANI F. (1986), "Life cycle, individual thrift, and the wealth of nations", American Economic Review, vol. 76, no. 3, pp. 297-313.
VIVIANO E. (2005), "Entry regulations and labour market outcomes: evidence from the Italian retail trade sector", Banca d'Italia, mimeo.
WHITE M. (2006), "Bankruptcy and consumer behavior: theory and U.S. evidence", in G. Bertola, R. Disney and C. Grant eds, The Economics of Consumer Credit, The MIT Press, Cambridge, Mass. and London, pp. 239-74.
ZAZZARO A. (2005), "Should courts enforce credit contracts strictly?", The Economic Journal, vol. 115, no. 500, pp. 166-84.
##submission.downloads##
Pubblicato
Fascicolo
Sezione
Licenza
Ogni materiale pubblicato sul sito e gli articoli pubblicati sulla rivista sono distribuiti con Licenza internazionale Creative Commons Attribuzione - Non commerciale - Non opere derivate 4.0. Copia della licenza è disponibile alla URL http://creativecommons.org/licenses/by-nc-nd/4.0. Gli autori mantengono i diritti sulla loro opera e cedono alla rivista il diritto di prima pubblicazione dell'opera con la licenza suindicata.
