| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16711 |
| DP16711 Informality and Financial Development: A Literature Reviews | |
| Salvatore Capasso; Franziska Ohnsorge; Shu Yu | |
| 发表日期 | 2021-11-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | A large literature has documented an inverse relationship between financial development and the size of the informal economy, with some evidence that the link is depends on the institutional environment. The direction of causality, however, remains a matter of debate, making it hard to identify the right policy interventions for better economic outcomes. This paper reviews this literature. Drawing on the theoretical literature, it sketches out the various channels through which financial development can influence firms’ choice to operate informally at all or the degree to which they operate informally, or vice versa. In addition, this paper summarizes the empirical evidence that, at the moment, does not settle the question of direction of causality in a broad sample of countries. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Informal economy Financial development Emerging market and developing economies |
| URL | https://cepr.org/publications/dp16711 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545647 |
| 推荐引用方式 GB/T 7714 | Salvatore Capasso,Franziska Ohnsorge,Shu Yu. DP16711 Informality and Financial Development: A Literature Reviews. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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