05290oam 22011174 450 991078824010332120230721045648.01-4623-6892-11-4527-1680-31-282-84049-51-4518-6955-X9786612840494(CKB)3170000000055002(EBL)1607839(SSID)ssj0000944148(PQKBManifestationID)11518476(PQKBTitleCode)TC0000944148(PQKBWorkID)10982384(PQKB)10277899(OCoLC)815737085(MiAaPQ)EBC1607839(IMF)WPIEE2008094(EXLCZ)99317000000005500220020129d2008 uf 0engur|n|---|||||txtccrInformality and Bank Credit : Evidence from Firm-Level Data /Junko Koeda, Era Dabla-NorrisWashington, D.C. :International Monetary Fund,2008.1 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 significant, suggesting that the negative association between informality and bank credit is stronger in countries with weak tax administration.IMF Working Papers; Working Paper ;No. 2008/094Bank loansEconometric modelsInformal sector (Economics)Econometric modelsBusiness enterprisesFinanceEconometric modelsBanks and BankingimfMoney and Monetary PolicyimfPublic FinanceimfTaxationimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfTaxation, Subsidies, and Revenue: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfMonetary economicsimfPublic finance & taxationimfBankingimfBank creditimfCreditimfLegal support in revenue administrationimfTax administration core functionsimfRevenueimfTax administration and procedureimfBanks and bankingimfEstonia, Republic ofimfBank loansEconometric models.Informal sector (Economics)Econometric models.Business enterprisesFinanceEconometric models.Banks and BankingMoney and Monetary PolicyPublic FinanceTaxationMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralTaxation, Subsidies, and Revenue: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesMonetary economicsPublic finance & taxationBankingBank creditCreditLegal support in revenue administrationTax administration core functionsRevenueTax administration and procedureBanks and banking332.1753Koeda Junko888389Dabla-Norris Era1462136DcWaIMFBOOK9910788240103321Informality and Bank Credit3673510UNINA