Efekt redystrybucji oszczędności za pośrednictwem kanału kredytu handlowego
Redistribution effect of savings through the channel of trade credit

Summary/Abstract: The purpose of this article is to analyze the effect of redistributing of savings from the seller to the buyer through the channel of trade credit, taking into account the potential consequences in the form of gridlock. The analysis was conducted on the basis of individual panel data of unbalanced enterprises employing at least 10 workers contained in the annual reports GUS F-02 from the years 1995 to 2012 (528 780 observations). The study used a panel vector autoregression model (pVAR). The research proved the effect of savings redistribution of businesses through the channel of trade credit provided by suppliers to small businesses with low liquidity. sales (visible in the growth of debt), but also a decline in total sales.

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