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This paper explores the links between labor formality, access to credit and firm performance in Colombia using Annual … informality. The results suggest that a 10 percent increase in the ratio of credit to sectoral output increases labor formality … reports a strong correlation between labor formality and firm performance measured as output and employment growth. A one …
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This paper uses a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. It tests whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact...
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This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost. The...
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