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The economics of the informal sector : a simple model and some empirical evidence from Latin America (English)

The author presents the view that informal economies arise when governments impose excessive taxes and regulations that they are unable to enforce. The author studies the determinants and effects of the informal sector using an endogenous growth model whose production technology depends essentially on congestable public services. In this model, changes (in both policy parameters and the quality of government institutions) that promote an increase...
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Loayza,Norman V..

The economics of the informal sector : a simple model and some empirical evidence from Latin America (English). Policy, Research working paper ; no. WPS 1727 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/685181468743710751

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