03504nam 2200661 450 991046401900332120170821161743.01-4623-6892-11-4527-1680-31-282-84049-51-4518-6955-X9786612840494(CKB)3170000000055002(EBL)1607839(SSID)ssj0000944148(PQKBManifestationID)11518476(PQKBTitleCode)TC0000944148(PQKBWorkID)10982384(PQKB)10277899(OCoLC)815737085(MiAaPQ)EBC1607839(EXLCZ)99317000000005500220140227h20082008 uy 0engur|n|---|||||txtccrInformality and bank credit evidence from firm-level data /Era Dabla-Norris and Junko Koeda[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (39 p.)IMF Working PapersIMF working paper ;WP/08/94Description based upon print version of record.1-4519-1409-1 Includes bibliographical references.Contents; I. Introduction; II. Analytical Framework; III. Empirical Strategy and Results; A. Empirical Model; B. Data and Summary Statistics; C. Empirical Results; D. Robustness Tests; IV. Conclusions; Tables; 1. Summary Statistics; 2. Correlation Matrix; 3. Baseline Regression; 4. Access to Credit and Informality: Impact of Business Environment; 5. Informality, Access to Credit, and Business Environment: Interaction Effects; 6. Access to Credit and Informality: Impact of Institutional Development; 7. Informality, Access to Credit, and Business Environment: Interaction Effects8. Extended Regressions: Firm Transparency and Performance9. Interaction Regressions: Informality, Firm Transparency, and Firm Performance; 10. Instrumental Variables Regression; Appendices; I. Solving the Model; II. Countries in the Sample; III. Variables and Sources; ReferencesThe 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 signiIMF Working PapersBank loansEconometric modelsInformal sector (Economics)Econometric modelsBusiness enterprisesFinanceEconometric modelsElectronic books.Bank loansEconometric models.Informal sector (Economics)Econometric models.Business enterprisesFinanceEconometric models.332.1753Dabla-Norris Era864455Koeda Junko888389MiAaPQMiAaPQMiAaPQBOOK9910464019003321Informality and bank credit2189320UNINA