dc.creatorChein, Flávia
dc.creatorPinto, Cristine
dc.date2020-08-17
dc.date.accessioned2022-11-03T21:19:43Z
dc.date.available2022-11-03T21:19:43Z
dc.identifierhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/80462
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/5048107
dc.descriptionWe explore the effect of wealth on occupational choice to find out whether small firms in Brazil face credit constraint and how occupational choice relates to investments. Using an instrumental variable approach, we find evidence that occupational choice is, in fact, constrained by wealth and this constraint is related to investment decisions. Our main results show that the probability of investment increases by 0.45 when the individual is an employer, controlling by entrepreneurs characteristics and sector, suggesting that the constraints at the credit market may affect investment decisions of small firms in Brazil. The effect of being an employer on credit access is about 0.320, which supports the idea that employers have more access to credit than the self-employed.en-US
dc.formatapplication/pdf
dc.languageeng
dc.publisherSociedade Brasileira de Econometriaen-US
dc.relationhttps://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/80462/78198
dc.rightsCopyright (c) 2020 Brazilian Review of Econometricspt-BR
dc.sourceBrazilian Review of Econometrics; Vol. 40 No. 1 (2020); 59-73en-US
dc.sourceBrazilian Review of Econometrics; v. 40 n. 1 (2020); 59-73pt-BR
dc.source1980-2447
dc.subjectWealthen-US
dc.subjectOccupational Choiceen-US
dc.subjectCredit Constraintsen-US
dc.subjectInvestmenten-US
dc.subjectInstrumental variableen-US
dc.subjectC5en-US
dc.subjectD2en-US
dc.subjectD3en-US
dc.titleWealth, Credit Constraints and Small Firms’ Investment: Evidence from Brazilen-US
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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