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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
Non-farm informal businesses comprise the majority of the firm distribution in developing countries. We document novel stylized facts about entry and exit of informal, non-farm firms using nationally representative panel data over 15 years and across regions with varying levels of local economic...
Persistent link: https://www.econbiz.de/10014259546
What impact does inequality have on metropolitan areas? Crime rates are higher in places with more inequality, and …
Persistent link: https://www.econbiz.de/10012751245
Urban crime rates in the United States fell markedly during the 1990s and remain at historically low levels. The … statistical evidence presented here indicates that that decline, like the crime surge that preceded it, has been largely … uncorrelated with changes in socioeconomic conditions across cities. The ups and downs of crime have a considerable effect on …
Persistent link: https://www.econbiz.de/10012753699
effect of the introduction of crack on urban crime. We" study this question using FBI crime rates for 27 metropolitan areas … has substantial effects on violent crime but essentially no effect" on property crime. We explain these results by … inelastic demand, a technological innovation increases violence on the part of distributors but" decreases property crime on the …
Persistent link: https://www.econbiz.de/10013228619
Covid-19 is the single largest threat to global public health since the Spanish Influenza pandemic of 1918-20. Was the world better prepared in 2020 than it was in 1918? After a century of public health and basic science research, pandemic response and mortality outcomes should be better than in...
Persistent link: https://www.econbiz.de/10012834466
Urban economics has traditionally viewed cities as having advantages in production and disadvantages in consumption. We argue that the role of urban density in facilitating consumption is extremely important and understudied. As firms become more mobile, the success of cities hinges more and...
Persistent link: https://www.econbiz.de/10012788067
We investigate the extent to which perceived quality of judicial institutions has an impact on individuals' propensity for criminal and dishonest behavior and on their views regarding the acceptability of dishonesty and law-breaking. We use micro data on residents of 25 European countries and...
Persistent link: https://www.econbiz.de/10012925266
We examine the productivity of informal firms (those that are not registered with the government) in 24 African countries using field work and World Bank firm level data. We find that productivity jumps sharply if we compare small formal firms to informal firms, and rises rapidly with the size...
Persistent link: https://www.econbiz.de/10013129131
We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10013123980