Article ID Journal Published Year Pages File Type
5059460 Economics Letters 2014 13 Pages PDF
Abstract
We analyze the formality benefits through productivity-enhancing public goods. We document that: benefits from formality matter for firms' optimal decisions; there is a disconnect between the objectives of maximizing formality versus welfare; this disconnect is mitigated under higher formality benefits.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Heterogeneous firms and the impact of government policy on welfare and informality
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