Arbeitspapier
Informal sector misallocation
A quantitative framework of firm dynamics is developed where the size of the informal sector is determined by financial constraints and the burden of taxation. Improving access to credit for formal sector firms increases aggregate TFP and output while reducing the size of the informal sector. Introducing size-dependent taxes reduces the gains from financial development as they incentivize firms to produce at a relatively limited scale. The aggregate effects of eliminating formal sector registration costs are positive but modest relative to previous theoretical models and the gains generated by financial development, and consistent with empirical evidence based on micro-level data.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2016-09
- Klassifikation
-
Wirtschaft
Informal Economy; Underground Economy
Production, Pricing, and Market Structure; Size Distribution of Firms
Macroeconomic Analyses of Economic Development
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Economic Growth and Aggregate Productivity: General
- Thema
-
informal sector
misallocation
aggregate productivity
financial constraints
size-dependent taxes
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lopez-Martin, Bernabe
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lopez-Martin, Bernabe
- Banco de México
Entstanden
- 2016
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