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...

Full description

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

https://creativecommons.org/licenses/by-nc-nd/4.0/