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This paper investigates the determinants of informal economic activity. We present two equilibrium models of informality and test their implications using a survey of 48,000+ small firms in Brazil. We define informality as tax avoidance; firms in the informal sector avoid tax payments but suffer...
Persistent link: https://www.econbiz.de/10012775833
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
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
There is a paucity of facts about the effects of the recent military quot;Surgequot; on conditions in Iraq and whether … it is paving the way for a stable Iraq. Selective, anecdotal and incomplete analyses abound. Policy makers and defense … markets' assessment of Iraq's future. The new and unusually rigorous findings presented here should help inform current …
Persistent link: https://www.econbiz.de/10012775883
The institutional arrangements governing the creation of money in the United States have changed dramatically since the Revolution. Yet beneath the surface the story of wartime money creation has remained much the same. During wars against minor powers, the government was able to fund the war by...
Persistent link: https://www.econbiz.de/10013021872
This paper provides the first systematic analysis of the link between economic, political, and social conditions and the global phenomenon of ISIS foreign fighters. We find that poor economic conditions do not drive participation in ISIS. In contrast, the number of ISIS foreign fighters is...
Persistent link: https://www.econbiz.de/10012993838
Iraq. The novel feature of our analysis derives from the existence of a market for Saddam Securities,' a new future traded …
Persistent link: https://www.econbiz.de/10012762835
test that prediction in Afghanistan, Iraq and the Philippines, using survey data on unemployment and two newly …
Persistent link: https://www.econbiz.de/10013150117
System. Comparing to those in other duties around the world, deployment to Iraq/Afghanistan increases the odds of developing … on the service, compared to a tour under 120 days. For Army and Navy, a deployment to Iraq/Afghanistan further …
Persistent link: https://www.econbiz.de/10013151650