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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]

Author

Listed:
  • Flávia Chein

    (UFJF)

  • Uirá Mendes Vieira da Silva

    (Banco do Brasil)

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.

Suggested Citation

  • Flávia Chein & Uirá Mendes Vieira da Silva, 2014. "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]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 24(1), pages 99-122, January-A.
    • Handle: RePEc:nov:artigo:v:24:y:2014:i:1:p:99-122
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    More about this item

    Keywords

    informality; asymmetric information; wealth; credit constraint;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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