Imperfeições no mercado de crédito e racionamento de crédito: uma análise para o setor informal no Brasil [Restrictive access into credit market: an analysis for Brazilian informal sector]

Flávia Chein and Uirá Mendes Vieira da Silva
Additional contact information
Flávia Chein: UFJF
Uirá Mendes Vieira da Silva: Banco do Brasil
Authors registered in the RePEc Author Service: Flávia Chein Feres

Nova Economia, 2014, vol. 24, issue 1, 99-122

Abstract: This paper aims to analyze the limiting of credit considering the informal industry at Brazil’s urban areas. The goal is to acknowledge if informal business owners rely on restrictive Access into credit market. Considering the credit constraint, the investment could be done in a suboptimal level or yet not succeed. In order to test whether the credit constraint is active in between entrepreneurs from informal sector, it is assumed the relationship between wealth and individual choices, specifically, wealth and the decision-making regarding to investments. Then, the higher is the positive relation between investment and wealth; more active will be the credit constraint. Based on ECINF (Urban Informal Economy’s Research), were estimated decision equations over investment and its value, controlling by distinctive characteristics of entrepreneurs and economic units. The results indicate the existence of active credit constraint in informal industry at Brazilian urban areas.

Keywords: informality; asymmetric information; wealth; credit constraint (search for similar items in EconPapers)
JEL-codes: J24 L26 O17 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.scielo.br/scielo.php?script=sci_pdf&pid ... g=pt&nrm=iso&tlng=pt (application/pdf)
http://www.scielo.br/scielo.php?script=sci_arttext ... g=pt&nrm=iso&tlng=pt (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nov:artigo:v:24:y:2014:i:1:p:99-122

Ordering information: This journal article can be ordered from
Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
https://revistas.fac ... dex.php/novaeconomia

Access Statistics for this article

Nova Economia is currently edited by Gustavo de Britto Rocha

More articles in Nova Economia from Economics Department, Universidade Federal de Minas Gerais (Brazil) Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Lucas Resende de Carvalho ().