Informality and financial development: A literature review
Author
Abstract
Suggested Citation
DOI: 10.1111/manc.12417
Download full text from publisher
Other versions of this item:
- Ohnsorge, Franziska & Capasso, Salvatore & Yu, Shu, 2021. "Informality and Financial Development: A Literature Reviews," CEPR Discussion Papers 16711, C.E.P.R. Discussion Papers.
References listed on IDEAS
- Straub, Stéphane, 2005.
"Informal sector: The credit market channel,"
Journal of Development Economics, Elsevier, vol. 78(2), pages 299-321, December.
- Stephane Straub, 2005. "Informal Sector: The Credit Market Channel," Edinburgh School of Economics Discussion Paper Series 101, Edinburgh School of Economics, University of Edinburgh.
- Blackburn, Keith & Bose, Niloy & Capasso, Salvatore, 2012.
"Tax evasion, the underground economy and financial development,"
Journal of Economic Behavior & Organization, Elsevier, vol. 83(2), pages 243-253.
- Keith Blackburn & Niloy Bosey & Salvatore Capasso, 2010. "Tax Evasion, the Underground Economy and Financial Development," Centre for Growth and Business Cycle Research Discussion Paper Series 138, Economics, The University of Manchester.
- Niloy Bose & Salvatore Capasso & Martin Andreas Wurm, 2012. "The impact of banking development on the size of shadow economies," Journal of Economic Studies, Emerald Group Publishing, vol. 39(6), pages 620-638, December.
- Michael Rothschild & Joseph Stiglitz, 1976. "Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 629-649.
- Niloy Bose & Salvatore Capasso & Martin Andreas Wurm, 2012. "The impact of banking development on the size of shadow economies," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 39(6), pages 620-638, October.
- Bittencourt, Manoel & Gupta, Rangan & Stander, Lardo, 2014.
"Tax evasion, financial development and inflation: Theory and empirical evidence,"
Journal of Banking & Finance, Elsevier, vol. 41(C), pages 194-208.
- Manoel Bittencourt & Rangan Gupta & Lardo Stander, 2013. "Tax evasion, financial development and inflation: theory and empirical evidence," Working Papers 201316, University of Pretoria, Department of Economics.
- Capasso, Salvatore & Jappelli, Tullio, 2013.
"Financial development and the underground economy,"
Journal of Development Economics, Elsevier, vol. 101(C), pages 167-178.
- Keith Blackburn & Niloy Bosey & Salvatore Capasso, 2008. "Financial Development and the Underground Economy," Working Papers 5_2008, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Salvatore Capasso & Tullio Jappelli, 2011. "Financial Development and the Underground Economy," CSEF Working Papers 298, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Robert G. King & Ross Levine, 1993.
"Finance and Growth: Schumpeter Might Be Right,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 717-737.
- King, Robert G. & Levine, Ross, 1993. "Finance and growth : Schumpeter might be right," Policy Research Working Paper Series 1083, The World Bank.
- Goel, Rajeev K. & Nelson, Michael A., 2016. "Shining a light on the shadows: Identifying robust determinants of the shadow economy," Economic Modelling, Elsevier, vol. 58(C), pages 351-364.
- Gatti, Roberta & Honorati, Maddalena, 2007.
"Informality among Formal Firms: Firm-level, Cross-country Evidence on Tax Compliance and Access to Credit,"
CEPR Discussion Papers
6597, C.E.P.R. Discussion Papers.
- Gatti, Roberta & Honorati, Maddalena, 2008. "Informality among formal firms : firm-level, cross-country evidence on tax compliance and access to credit," Policy Research Working Paper Series 4476, The World Bank.
- Ross Levine, 1997.
"Financial Development and Economic Growth: Views and Agenda,"
Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
- Levine, Ross, 1996. "Financial development and economic growth : views and agenda," Policy Research Working Paper Series 1678, The World Bank.
- Rajan, Raghuram G & Zingales, Luigi, 1998.
"Financial Dependence and Growth,"
American Economic Review, American Economic Association, vol. 88(3), pages 559-586, June.
- Raghuram G. Rajan & Luigi Zingales, "undated". "Financial Dependence and Growth," CRSP working papers 344, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
- Raghuram G. Rajan & Luigi Zingales, 1996. "Financial Dependence and Growth," NBER Working Papers 5758, National Bureau of Economic Research, Inc.
- Rafael La Porta & Andrei Shleifer, 2008.
"The Unofficial Economy and Economic Development,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 275-363.
- La Porta, Rafael & Shleifer, Andrei, 2008. "The Unofficial Economy and Economic Development," Scholarly Articles 33078210, Harvard University Department of Economics.
- Rafael La Porta & Andrei Shleifer, 2008. "The Unofficial Economy and Economic Development," NBER Working Papers 14520, National Bureau of Economic Research, Inc.
- Guo, Jang-Ting & Hung, Fu-Sheng, 2020.
"Tax evasion and financial development under asymmetric information in credit markets,"
Journal of Development Economics, Elsevier, vol. 145(C).
- Jang-Ting Guo & Fu-Sheng Hung, 2018. "Tax Evasion and Financial Development under Asymmetric Information in Credit Markets," Working Papers 201810, University of California at Riverside, Department of Economics.
- Yilmaz Bayar & Omer Faruk Ozturk, 2016. "Financial Development and Shadow Economy in European Union Transition Economies," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(2 (Summer), pages 157-173.
- Berger, Allen N. & Udell, Gregory F., 2006. "A more complete conceptual framework for SME finance," Journal of Banking & Finance, Elsevier, vol. 30(11), pages 2945-2966, November.
- Leandro Medina & Mr. Friedrich Schneider, 2018. "Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?," IMF Working Papers 2018/017, International Monetary Fund.
- Gabriel Ulyssea, 2020. "Informality: Causes and Consequences for Development," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 525-546, August.
- Allen N. Berger & Gregory F. Udell, 2002.
"Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure,"
Economic Journal, Royal Economic Society, vol. 112(477), pages 32-53, February.
- Allen N. Berger & Gregory F. Udell, 2001. "Small business credit availability and relationship lending: the importance of bank organizational structure," Finance and Economics Discussion Series 2001-36, Board of Governors of the Federal Reserve System (U.S.).
- Amaral, Pedro S. & Quintin, Erwan, 2006. "A competitive model of the informal sector," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1541-1553, October.
- Ceyhun Elgin & Burak Uras, 2013.
"Is informality a barrier to financial development?,"
SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(3), pages 309-331, August.
- Ceyhun Elgin & Burak R. Uras, 2012. "Is Informality a Barrier to Financial Development?," Working Papers 2012/12, Bogazici University, Department of Economics.
- Berdiev, Aziz N. & Saunoris, James W., 2016. "Financial development and the shadow economy: A panel VAR analysis," Economic Modelling, Elsevier, vol. 57(C), pages 197-207.
- Dabla-Norris, Era & Gradstein, Mark & Inchauste, Gabriela, 2008.
"What causes firms to hide output? The determinants of informality,"
Journal of Development Economics, Elsevier, vol. 85(1-2), pages 1-27, February.
- Ms. Gabriela Inchauste & Mr. Mark Gradstein & Ms. Era Dabla-Norris, 2005. "What Causes Firms to Hide Output? the Determinants of Informality," IMF Working Papers 2005/160, International Monetary Fund.
- Schneider, Friedrich, 2011. "The Shadow Economy and Shadow Economy Labor Force: What Do We (Not) Know?," IZA Discussion Papers 5769, Institute of Labor Economics (IZA).
- Schneider, Friedrich G., 2007. "Shadow Economies and Corruption All Over the World: New Estimates for 145 Countries," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 1, pages 1-66.
- Baptiste Massenot & Stéphane Straub, 2016.
"Informal Sector And Economic Development: The Credit Supply Channel,"
Economic Inquiry, Western Economic Association International, vol. 54(2), pages 1046-1067, April.
- Massenot, Baptiste & Straub, Stéphane, 2015. "Informal sector and economic development: The credit supply channel," SAFE Working Paper Series 106, Leibniz Institute for Financial Research SAFE.
- Erwan Quintin, 2008. "Contract enforcement and the size of the informal economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(3), pages 395-416, December.
- Ceyhun Elgin & Oguz Oztunali, 2012. "Shadow Economies around the World: Model Based Estimates," Working Papers 2012/05, Bogazici University, Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Joseph Mawejje, 2024. "Government expenditure, informality, and economic growth: Evidence from Eastern and Southern African countries," African Development Review, African Development Bank, vol. 36(1), pages 125-138, March.
- Capasso, Salvatore & Ohnsorge, Franziska & Yu, Shu, 2022.
"From Financial Development to Informality: A Causal Link,"
CEPR Discussion Papers
17565, C.E.P.R. Discussion Papers.
- Capasso,Salvatore & Ohnsorge,Franziska Lieselotte & Shu Yu, 2022. "From Financial Development to Informality : A Causal Link," Policy Research Working Paper Series 10192, The World Bank.
- Barra, Cristian & Papaccio, Anna & Ruggiero, Nazzareno, 2024. "Are cooperative and commercial banks equally effective in reducing the shadow economy? International evidence," Economic Modelling, Elsevier, vol. 138(C).
- Musa Abdullahi Sakanko & Joseph David & Nurudeen Abu & Awadh Ahmed Mohammed Gamal, 2024. "Financial inclusion and underground economy nexus in West Africa: evidence from dynamic heterogeneous panel techniques," Economic Change and Restructuring, Springer, vol. 57(1), pages 1-20, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Capasso, Salvatore & Ohnsorge, Franziska & Yu, Shu, 2022.
"From Financial Development to Informality: A Causal Link,"
CEPR Discussion Papers
17565, C.E.P.R. Discussion Papers.
- Capasso,Salvatore & Ohnsorge,Franziska Lieselotte & Shu Yu, 2022. "From Financial Development to Informality : A Causal Link," Policy Research Working Paper Series 10192, The World Bank.
- Chletsos, Michael & Sintos, Andreas, 2021. "Hide and seek: IMF intervention and the shadow economy," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 292-319.
- Khalil Mhadhbi & Chokri Terzi, 2022. "Shadow economy threshold effect in the relationship finance–growth in Tunisia: A nonlinear autoregressive distributed lag approach," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(3), pages 636-651, April.
- MarãA Paula Vargas & Erick Lahura, 2022. "Financial Development, Financial Inclusion And Informality: New International Evidence," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-42, September.
- Imamoglu, Hatice, 2021. "The role of financial development on the underground economy in regards to Europe’s 2020 strategy," Economic Systems, Elsevier, vol. 45(2).
- Emmanuel U. Haruna, 2023. "The multidimensional effect of financial development on the shadow economy in Africa: A dynamic panel analysis approach," International Economics and Economic Policy, Springer, vol. 20(2), pages 327-365, May.
- Berdiev, Aziz N. & Saunoris, James W., 2016. "Financial development and the shadow economy: A panel VAR analysis," Economic Modelling, Elsevier, vol. 57(C), pages 197-207.
- Imamoglu, Hatice, 2017. "Estimating the roles of financial sector development and international trade openness in underground economies: Evidence from the European Union," Economics Discussion Papers 2017-50, Kiel Institute for the World Economy (IfW Kiel).
- Henri Njangang & Luc Ndeffo Nembot & Joseph Pasky Ngameni, 2020.
"Does financial development reduce the size of the informal economy in sub‐Saharan African countries?,"
African Development Review, African Development Bank, vol. 32(3), pages 375-391, September.
- Njangang, Henri, 2018. "Does financial development reduce the size of the informal economy in Sub-Saharan African countries?," MPRA Paper 89851, University Library of Munich, Germany.
- Gnangnon, Sèna Kimm, 2019. "Financial Development and Tax Revenue in Developing Countries: Investigating the International Trade and Economic Growth Channels," EconStor Preprints 206628, ZBW - Leibniz Information Centre for Economics.
- Ndoya, Hermann & Okere, Donald & Belomo, Marie laure & Atangana, Melissa, 2023. "Does ICTs decrease the spread of informal economy in Africa?," Telecommunications Policy, Elsevier, vol. 47(2).
- Luc Jacolin & Joseph Keneck Massil & Alphonse Noah, 2021.
"Informal sector and mobile financial services in emerging and developing countries: Does financial innovation matter?,"
The World Economy, Wiley Blackwell, vol. 44(9), pages 2703-2737, September.
- Luc Jacolin & Joseph Keneck Massil & Alphonse Noah, 2021. "Informal Sector and Mobile Financial Services in Emerging and Developing Countries: Does Financial Innovation Matter?," Post-Print hal-03104350, HAL.
- Gareth Liu-Evans & Shalini Mitra, 2023. "Formal sector enforcement and welfare," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(3), pages 706-728, June.
- Ridwan, Lanre Ibrahim & Ajide, Kazeem Bello & Cifuentes-Faura, Javier & Al-Faryan, Mamdouh Abdulaziz Saleh, 2024. "Shadow economy implications of financial development in Africa: Do income groups also matter?," Emerging Markets Review, Elsevier, vol. 59(C).
- Sever, Can & Yücel, Emekcan, 2024. "Does informality hinder financial development convergence?," Economic Systems, Elsevier, vol. 48(2).
- Luc Jacolin & Massil Keneck & Alphonse Noah, 2019. "Informal Sector and Mobile Financial Services in Developing Countries: Does Financial Innovation Matter?," Working papers 721, Banque de France.
- Giombini, Germana & Teobaldelli, Désirée & Schneider, Friedrich, 2018. "Interaction effect of tax evasion and legal system inefficiency on firms' financial constraints," International Review of Economics & Finance, Elsevier, vol. 55(C), pages 1-20.
- Joseph Keneck-Massil & Alphonse Noah, 2019.
"Shadow economy and educational systems in Africa,"
Economics Bulletin, AccessEcon, vol. 39(2), pages 1467-1478.
- Alphonse Noah & Joseph Keneck Massil, 2019. "Shadow economy and educational systems in Africa," Post-Print hal-02157266, HAL.
- Melingui Bate Adalbert Abraham Ghislain, 2022. "Does the diffusion of information and communication technologies affect the shadow economy in Africa?," African Development Review, African Development Bank, vol. 34(4), pages 513-526, December.
- Barra, Cristian & Papaccio, Anna & Ruggiero, Nazzareno, 2024. "Are cooperative and commercial banks equally effective in reducing the shadow economy? International evidence," Economic Modelling, Elsevier, vol. 138(C).
More about this item
JEL classification:
- E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
- G20 - Financial Economics - - Financial Institutions and Services - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manchs:v:90:y:2022:i:5:p:587-608. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.