Galindo, Arturo José; Caro, Lorena; Arjona, Marcela … - Inter-American Development Bank - 2012
This paper explores the links between labor formality, access to credit and firm performance in Colombia using Annual … informality. The results suggest that a 10 percent increase in the ratio of credit to sectoral output increases labor formality … reports a strong correlation between labor formality and firm performance measured as output and employment growth. A one …