El papel de la formalidad en el acceso al crédito para las micro y pequeñas empresas
Journal Title: REVISTA DE ANÁLISIS ECONÓMICO Y FINANCIERO - Year 2021, Vol 4, Issue 2
Abstract
Understanding financial constraints is critical to analyzing the role of high barriers in micro and small businesses in developing countries. This research identifies the role of formality in micro and small businesses in access to credit. To analyze formality in Peruvian companies, this research used the license variable. Company-level data called the National Business Survey (ENE), are provided by the National Institute of Statistics of Peru (INEI). This article uses the Instrumental Variables (IV) method and finds that when firms are licensed, they are more likely to have access to credit (from formal to informal), on average. On the other hand, these findings confirm that the real effects of licenses increase between 15 and 19 percentage points in access to credit and reduce financial restrictions for MYPES by 16 percentage points.
Authors and Affiliations
Edinson Tolentino Raymondi
Keywords
Related Articles
- EP ID EP700778
- DOI https://doi.org/10.24265/raef.2021.v4n2.39
- Views 90
- Downloads 0
Determinantes de la Diversificación Exportadora: Enfoque Bayesiano
Export diversification provides economies with various benefits such as promoting and stabilizing economic growth by reducing the volatility of export earnings and increasing productivity through positive intra- and inte...
¿La desigualdad de los agentes afecta al consumo? Una visión desde la política monetaria
This document analyzes the indirect effect between aggregate consumption and the design of monetary policy under the basic New Keynesian approach in a small closed economy. Assuming heterogeneous agents, it is observed t...
Participación de mujeres profesionales en directorios empresariales:Caso de estudio Lima Metropolitana, Perú
The inclusion of women in management positions in companies has increased over time, women represent a significant percentage of the global workforce, their presence in senior business management positions is high and is...
Las tarifas de gas natural en el Perú. Una comparación de modelos regulatorios
The primary natural gas industry is made up of three main activities: extraction, transportation, and distribution. Natural gas transportation and distribution prices are regulated in Peru. Natural gas transportation is...
Permanencia en educación universitaria en Perú
This research presents an empirical analysis of the permanence decisions of university students in the context of the implementation of the university reform initiated in 2014 in Peru. One of the pillars of this reform i...