Informality and Bank Credit: Evidence From Firm-Level Data
The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs reduce...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/94 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs reduce firms'' reliance on bank credit, while a stronger quality of the legal environment is associated with higher access to credit even for financially opaque informal firms. An interactive term between a country-wide measure of tax compliance costs and the level of informal activity is negative and significant, suggesting that the negative association between informality and bank credit is stronger in countries with weak tax administration |
| Beschreibung: | Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (37 p) |
| ISBN: | 145186955X 9781451869552 |
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| id | DE-604.BV048348623 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
| institution | BVB |
| isbn | 145186955X 9781451869552 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Koeda, Junko Verfasser aut Informality and Bank Credit Evidence From Firm-Level Data Koeda, Junko Washington, D.C International Monetary Fund 2008 1 Online-Ressource (37 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/94 Includes bibliographical references The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs reduce firms'' reliance on bank credit, while a stronger quality of the legal environment is associated with higher access to credit even for financially opaque informal firms. An interactive term between a country-wide measure of tax compliance costs and the level of informal activity is negative and significant, suggesting that the negative association between informality and bank credit is stronger in countries with weak tax administration Online-Ausg Bank loans Econometric models Business enterprises Finance Econometric models Informal sector (Economics) Econometric models Electronic books Dabla-Norris, Era Sonstige oth http://elibrary.imf.org/view/IMF001/09205-9781451869552/09205-9781451869552/09205-9781451869552.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Koeda, Junko Informality and Bank Credit Evidence From Firm-Level Data Bank loans Econometric models Business enterprises Finance Econometric models Informal sector (Economics) Econometric models |
| title | Informality and Bank Credit Evidence From Firm-Level Data |
| title_auth | Informality and Bank Credit Evidence From Firm-Level Data |
| title_exact_search | Informality and Bank Credit Evidence From Firm-Level Data |
| title_exact_search_txtP | Informality and Bank Credit Evidence From Firm-Level Data |
| title_full | Informality and Bank Credit Evidence From Firm-Level Data Koeda, Junko |
| title_fullStr | Informality and Bank Credit Evidence From Firm-Level Data Koeda, Junko |
| title_full_unstemmed | Informality and Bank Credit Evidence From Firm-Level Data Koeda, Junko |
| title_short | Informality and Bank Credit |
| title_sort | informality and bank credit evidence from firm level data |
| title_sub | Evidence From Firm-Level Data |
| topic | Bank loans Econometric models Business enterprises Finance Econometric models Informal sector (Economics) Econometric models |
| topic_facet | Bank loans Econometric models Business enterprises Finance Econometric models Informal sector (Economics) Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09205-9781451869552/09205-9781451869552/09205-9781451869552.xml |
| work_keys_str_mv | AT koedajunko informalityandbankcreditevidencefromfirmleveldata AT dablanorrisera informalityandbankcreditevidencefromfirmleveldata |