Ugarte, Darwin - In: Revista Latinoamericana de Desarrollo Economico (2012) 17, pp. 53-74
Recent evidence suggests that formality improves micro-firms profits in Bolivia. This gain is only for firms with 2 to 5 workers, while smaller and larger firms would lose out by formalizing (McKenzie and Sakho, 2010). However, as much of the empirical literature on this topic, the estimations...