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| dc.title | Credit, Labor Informality and Firm Performance in Colombia |
| dc.contributor.author | Caro, Lorena |
| dc.contributor.author | Galindo, Arturo |
| dc.contributor.author | Meléndez Arjona, Marcela |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Colombia |
| dc.date.available | 2012-06-06T00:00:00 |
| dc.date.issue | 2012-06-05T00:00:00 |
| dc.description.abstract | This paper explores the links between labor formality, access to credit and firm performance in Colombia using Annual Manufacturing Survey data for the period 2000-2009. A significant though small relationship is found between access to credit and informality. The results suggest that a 10 percent increase in the ratio of credit to sectoral output increases labor formality between 0. 76 and 1. 14 percentage points. This effect vanishes as a firm's financial constraint increases. The paper also reports a strong correlation between labor formality and firm performance measured as output and employment growth. A one percentage point increase in labor formality is associated with an 8. 5 percent increase in output and an 11 percent increase in employment growth. |
| dc.format.extent | 25 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0011386 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Credit-Labor-Informality-and-Firm-Performance-in-Colombia.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Financial Sector |
| dc.subject | Labor |
| dc.subject | Informal Labor |
| dc.subject | Informal Economy |
| dc.subject | Credit Access |
| dc.subject | Firm Performance |
| dc.subject.jelcode | E26 - Informal Economy • Underground Economy |
| dc.subject.jelcode | G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages |
| dc.subject.jelcode | O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and Governance |
| dc.subject.jelcode | O4 - Economic Growth and Aggregate Productivity |
| dc.subject.keywords | Credit markets, Financial constraints, Informality |
| dc.type | Working Papers |
| idb.identifier.pubnumber | Working Papers |
| idb.operation | RG-T1945 |