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. 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...
انظر المزيد
تفاصيل
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2015/8/13
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مقال بمجلة علمية
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100192
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1
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1
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2017/2/13
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Disclosed
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Informality and profitability : evidence from a new firm survey in Ecuador
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trade and competitiveness