This paper studies the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and economic growth in particular. The paper concludes that a heavier regulatory burden -- particularly in product and labor markets -- reduces growth and induces informality. These effects are, however, mitigated as the overall institutional framework improves.
The informal economy often comprises a significant portion of a country\u27s GDP. As this income is ...
A standard view holds that removing barriers to entry and improving judicial enforcement would reduc...
In a typical developing country, the majority of small firms are informal and entry costs into forma...
The authors study the effects of regulation on economic growth and the relative size of the informal...
This paper relies on rich firm-level data on transition economies to examine the role of informality...
The paper quantitatively investigates, in general equilibrium, the interaction between the firms' ch...
A vast literature has focused on what causes businesses to move into informality and what is the imp...
This paper studies the impact of product and labor market regulations on informality and unemploymen...
Throughout the developing world the informal (“black”) economy is a current issue. It constitutes a ...
The Informal Economy provides employment to more than 60 per cent of the labour population in the de...
This paper investigates how the ability to innovate affects firms' decisions to operate informally a...
It is claimed that introducing flexibility in regulation is a sufficient condition for curbing the l...
This paper studies the impact of product and labor market regulations on the number and size of firm...
In developing countries, informal firms account for up to half of economic activity. They provide li...
This paper examines the relation between regulation and economic performance in the context of 23 de...
The informal economy often comprises a significant portion of a country\u27s GDP. As this income is ...
A standard view holds that removing barriers to entry and improving judicial enforcement would reduc...
In a typical developing country, the majority of small firms are informal and entry costs into forma...
The authors study the effects of regulation on economic growth and the relative size of the informal...
This paper relies on rich firm-level data on transition economies to examine the role of informality...
The paper quantitatively investigates, in general equilibrium, the interaction between the firms' ch...
A vast literature has focused on what causes businesses to move into informality and what is the imp...
This paper studies the impact of product and labor market regulations on informality and unemploymen...
Throughout the developing world the informal (“black”) economy is a current issue. It constitutes a ...
The Informal Economy provides employment to more than 60 per cent of the labour population in the de...
This paper investigates how the ability to innovate affects firms' decisions to operate informally a...
It is claimed that introducing flexibility in regulation is a sufficient condition for curbing the l...
This paper studies the impact of product and labor market regulations on the number and size of firm...
In developing countries, informal firms account for up to half of economic activity. They provide li...
This paper examines the relation between regulation and economic performance in the context of 23 de...
The informal economy often comprises a significant portion of a country\u27s GDP. As this income is ...
A standard view holds that removing barriers to entry and improving judicial enforcement would reduc...
In a typical developing country, the majority of small firms are informal and entry costs into forma...