Event in Focus

Seminario

EconNet: Dinámica formal e informal de las empresas

Fecha: 07 dic 2017

Horario: 12:00

Ubicación: 1300 New York Ave., NW, Washington, DC - Sala SE-1035, Estados Unidos de América

  

Evento abierto al público


Título: Dinámica formal e informal de las empresas
Orador:  Gabriel Ulyssea, PUC Rio

Resumen (en inglés): Firm dynamics differs greatly across developed and developing countries. Firms in developing countries grow less, unproductive and stagnant firms survive longer and firm size distribution is highly concentrated among tiny firms. Moreover, these countries also have very high levels of informality among firms and workers. This paper seeks to answer the following questions: (i) To what extent can informality explain the distinguishing features of firm dynamics in develop- ing countries? (ii) What would be the implications for firms’ life cycle behavior, as well as aggregate outcomes of shutting down informality through greater enforcement? I develop a tractable framework that is able to rationalize the main existing facts about firm dynamics in developing countries. The model features burdensome regulations and taxes, imperfect enforcement and heterogeneous firms that can exploit two margins of informality: (i) the extensive margin – to register or not their business; and (ii) the intensive margin – whether registered firms hire informal workers to evade labor costs. I calibrate the model using a combination of direct estimation and matching moments generated from micro data of formal and informal firms in Brazil. I use the structural model to analyze two counterfactual scenarios where I separately increase the costs of both margins of informality. I assess the effects on firm size distribution in the formal sector, firm growth, aggregate TFP, total output, among other outcomes. 



Para mayor información: research@iadb.org


Econnet es una serie de seminarios organizados por el Departamento de Investigación y Sector de aprendizaje y conocimiento del BID. Los seminarios consisten en una serie de almuerzos donde un académico invitado presenta sus últimos hallazgos en algún tema de desarrollo relevante a América Latina y el Caribe. EconNet se lleva a cabo todos los jueves al medio día.



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