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interact with informality. Using employment surveys and a firm-level economic census, we document a number of novel features … about informal firms in Mexico. We then construct and estimate a model of heterogeneous firms and endogenous informality to …
Persistent link: https://www.econbiz.de/10012843518
This paper is the first attempt to directly explore the long-run nonlinear relationship between theshadow economy and level of development. Using a dataset of 158 countries over the period from1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy sizeand GDP...
Persistent link: https://www.econbiz.de/10012889145
-country comparisons indicate strong associations between gender gaps and higher female informality. This paper uses microdata from Senegal …
Persistent link: https://www.econbiz.de/10012868267
around 35 percent of GDP in Armenia. Furthermore, the results show that higher levels of informality increase the levels of …
Persistent link: https://www.econbiz.de/10013080224
Paraguay's economy features a high degree of informality. Based on different estimation approaches, informal activity … government effectiveness are the ultimate determinants of informality. In all of these areas Paraguay performs weakly compared to … combination of policies to reduce informality is not straightforward, and needs to reflect the specific circumstances and …
Persistent link: https://www.econbiz.de/10012999750
gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in …
Persistent link: https://www.econbiz.de/10012950389
The government’s ability to deliver inclusive growth crucially depends on the quality of governance. This paper reviews the linkages between governance and inclusive growth, and key policies to improve governance. The policies include (1) structural reform, automation, improving rules and...
Persistent link: https://www.econbiz.de/10013305678
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
Several European countries are currently considering reversing parts of their pension reforms that were adopted previously to improve sustainability. In this paper we present a framework that allows us to quantify the macroeconomic and fiscal costs of such reversals. We thereby integrate the...
Persistent link: https://www.econbiz.de/10012825209
The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading...
Persistent link: https://www.econbiz.de/10013306775