This paper estimates the impact of informality on profits using a new survey administered to 1,200 firms with less than 50 employees in four cities in Ecuador. ... Exibir mais + The paper presents a novel definition of informality which explicitly recognizes that most firms comply with some regulations but not others. Accounting for firm selection and controlling for a large set of firm, owner, and location characteristics, the paper finds that more formal firms tend to be more profitable and have higher output per worker. This impact operates, inter alia, through improved access to credit and higher sales through issuance of tax receipts.  Exibir menos -

Qualquer tipo de documento: Artigo de revista Relat�rio N�.: 100192 Data do documento: AUG 13, 2015

Autor: Medvedev,Denis; Oviedo Silva,Ana Maria Disclosure Status: Disclosed