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Informal sector misallocation
Lopez-Martin, Bernabe - 2016
A quantitative framework of firm dynamics is developed where the size of the informal sector is determined by financial constraints and the burden of taxation. Improving access to credit for formal sector firms increases aggregate TFP and output while reducing the size of the informal sector....
Persistent link: https://www.econbiz.de/10011489988
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Tax collection, the informal sector, and productivity
Leal-Ordoñez, Julio C. - 2013
the effects of pure factor misallocation, distorted occupational choices, capital accumulation, and complementarities. …
Persistent link: https://www.econbiz.de/10010228311
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The informal sector in contemporary models of the aggregate economy
Leal, Julio - 2014
I review a contemporary branch of the informal sector literature that focus on understanding the way firm behavior is affected by the presence of informality and how such distortions have an impact on aggregate variables. The authors in this group all make use of dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10010437139
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Misallocation, informality, and human capital: understanding the role of institutions
D'Erasmo, Pablo; Moscoso Boedo, Herman J.; Senkal, Asli - Federal Reserve Bank of Philadelphia - 2014
Accepted for publication, Journal of Economic Dynamics and Control The aim of this paper is to quantify the role of formal-sector institutions in shaping the demand for human capital and the level of informality. We propose a firm dynamics model where firms face capital market imperfections and...
Persistent link: https://www.econbiz.de/10010755869
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Financial Structure, Informality and Development
Boedo, Hernan J Moscoso; Pablo N D’Erasmo - University of Virginia, Department of Economics - 2009
This is a theory of total factor productivity based on measured capital market im- perfections and costs of creating and operating formal sector firms. We develop a firm dynamics model with endogenous formal and informal sectors where firms face a technol- ogy adoption opportunity. The model...
Persistent link: https://www.econbiz.de/10008472266
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Misallocation, Informality, and Human Capital
Moscoso-Boedo, Hernan J.; Pablo N. D’Erasmo - University of Virginia, Department of Economics - 2012
We develop a theory of total factor productivity to understand differences in pro- ductivity and human capital across countries. In our model, firms face capital market imperfections and costs of operating in the formal sector. Formal firms have a larger set of production opportunities and the...
Persistent link: https://www.econbiz.de/10010615500
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Product quality, informality, and child labour
Fotoniata, Eugenia; Moutos, Thomas - 2011
This paper studies the interactions between the structure of product demand, relative wages, and the allocation of economic activity across two sectors. The agrarian sector produces a homogeneous good and consists of informal firms employing adults and children. The modern sector produces a...
Persistent link: https://www.econbiz.de/10009240781
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The Size Distribution of Manufacturing Plants and Development
Kothari, Siddharth - 2015
The typical size distribution of manufacturing plants in developing countries has a thick left tail compared to developed countries. The same holds across Indian states, with richer states having a much smaller share of their manufacturing employment in small plants. In this paper, I explore the...
Persistent link: https://www.econbiz.de/10013028669
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Imperfect law enforcement, informality, and organized crime
Mascarúa, Lara Miguel A. - 2022
considerable losses in production derived from a misallocation of occupations and resources. Finally, using counterfactual …
Persistent link: https://www.econbiz.de/10013464817
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Misallocation in Firm Production: A Nonparametric Analysis Using Procurement Lotteries
Carrillo, Paul; Donaldson, Dave; Pomeranz, Dina; … - 2023
How costly is the misallocation of production that we might expect to result from distortions such as market power …, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place … misallocation and to quantify the welfare losses that it causes. We then consider an application in which thousands of firms …
Persistent link: https://www.econbiz.de/10014377459