Imperfeições no mercado de crédito e racionamento de crédito: uma análise para o setor informal no 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 onECINF (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.