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A Theory of the Informal Sector
Azuma, Yoshiaki; Grossman, Herschel I. - 2021
In many countries, especially poor countries, a heavy burden of taxes, bribes, and bureaucratic hassles drives many producers into the informal sector. Is this situation explicable only as a consequence of either the ignorance or the ineptitude of the state authorities? On the contrary this...
Persistent link: https://www.econbiz.de/10013216486
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Monetary Information and Macroeconomic Fluctuations
Boschen, John Fink; Grossman, Herschel I. - 2021
This paper introduces contemporaneously available monetary data into an "equilibrium" model that combines rational expectations, market clearing, and incomplete information about monetary disturbances. Data on the current money stock involve a preliminary estimate that is subject to a subsequent...
Persistent link: https://www.econbiz.de/10013228259
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Vat Base Broadening, Self Supply, and the Informal Sector
Piggott, John; Whalley, John - 2021
We develop a general equilibrium tax model to evaluate the impacts of equal yield base broadening in indirect taxes … able to provide numerical examples of welfare worsening VAT base broadening, which expands the tax base from market based … once tax induced increases in self supply of previously non taxed goods and services and in informal sector activity (in …
Persistent link: https://www.econbiz.de/10013229063
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Monetary Policy in the Information Economy
Woodford, Michael - 2021
This paper considers two challenges that improvements in private-sector information-processing capabilities may pose for the effectiveness of monetary policy. It first considers the consequences of improved information about central-bank actions, and argues that the management of expectations...
Persistent link: https://www.econbiz.de/10013240308
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Policies to Promote Growth and Economic Efficiency in Mexico
Arias, Javier - 2010
This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under stress in Mexico and this retards the growth of skills of...
Persistent link: https://www.econbiz.de/10013135761
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The Unofficial Economy and Economic Development
La Porta, Rafael - 2010
In developing countries, informal firms (those that are not registered with the government) account for about half of all economic activity. We consider three broad views of the role of such firms in economic development. According to the romantic view, these firms would become the engine of...
Persistent link: https://www.econbiz.de/10013138466
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101278
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Informal Taxation
Olken, Benjamin A. - 2010
informal taxation underestimates household tax burdens and revenue decentralization in developing countries. We propose a …
Persistent link: https://www.econbiz.de/10013151392
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The Demand for, and Consequences of, Formalization Among Informal Firms in Sri Lanka
De Mel, Suresh - 2014
We conduct a field experiment in Sri Lanka providing informal firms incentives to formalize. Information about the registration process and reimbursement of direct costs has no effect. Payments equivalent to one-half to one month (alternatively, 2 months) of the median firm's profits leads to...
Persistent link: https://www.econbiz.de/10013066187
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Is India's Manufacturing Sector Moving Away from Cities?
Ghani, Syed Ejaz - 2014
This paper investigates the urbanization of the Indian manufacturing sector by combining enterprise data from formal and informal sectors. We find that plants in the formal sector are moving away from urban and into rural locations, while the informal sector is moving from rural to urban...
Persistent link: https://www.econbiz.de/10013066249