摘要翻译：
本文利用来自131个国家的137,160人的大数据集，考察了制度质量对个人融资选择的影响。我们将借款活动分为三类，包括正式借款、建设性非正式借款和地下借款。虽然结果表明，较好的制度有助于正式借款的使用，但在三个国家分组中，制度对建设性非正式和地下借款的影响是不同的。较高的机构质量改善了中等收入国家的建设性非正式借贷，但减少了高收入和低收入国家地下借贷的使用。
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英文标题：
《The effects of institutional quality on formal and informal borrowing
  across high-, middle-, and low-income countries》
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作者：
Lan Chu Khanh
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最新提交年份：
2019
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要：
  This paper examines the effects of institutional quality on financing choice of individual using a large dataset of 137,160 people from 131 countries. We classify borrowing activities into three categories, including formal, constructive informal, and underground borrowing. Although the result shows that better institutions aids the uses of formal borrowing, the impact of institutions on constructive informal and underground borrowing among three country sub-groups differs. Higher institutional quality improves constructive informal borrowing in middle-income countries but reduces the use of underground borrowing in high- and low-income countries.
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PDF链接：
https://arxiv.org/pdf/1903.07866