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...
- 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)