Informality and macroeconomic volatility : do credit constraints matter?

ABSTARCT: Hiding operations from tax collectors increases information asymmetries between borrowers and lenders and ultimately reduces firms' access to finance. However, credit-constrained entrepreneurs can still fund investment by paying it out of their own savings. This paper studies these im...

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Autores:
Granda Carvajal, Catalina
Tipo de recurso:
Article of investigation
Fecha de publicación:
2015
Institución:
Universidad de Antioquia
Repositorio:
Repositorio UdeA
Idioma:
eng
OAI Identifier:
oai:bibliotecadigital.udea.edu.co:10495/3724
Acceso en línea:
http://hdl.handle.net/10495/3724
Palabra clave:
Informal economy
Macroeconomic volatility
Tax evasion
Volatilidad (Economía)
Economía informal
Rights
openAccess
License
Atribución-NoComercial-SinDerivadas 2.5 Colombia (CC BY-NC-ND 2.5 CO)