The Impact Of Regulation On Growth And Informality PDF Download
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| Author | : Norman V. Loayza |
| Publisher | : |
| Total Pages | : |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
Download The Impact of Regulation on Growth and Informality Book in PDF, ePub and Kindle
The authors study 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 authors conclude 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.
| Author | : Norman V. Loayza |
| Publisher | : World Bank Publications |
| Total Pages | : 22 |
| Release | : 2005 |
| Genre | : Burden Of Regulation |
| ISBN | : |
Download The Impact of Regulation on Growth and Informality Book in PDF, ePub and Kindle
Abstract: The authors study 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 authors conclude 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.
| Author | : Franziska Ohnsorge |
| Publisher | : World Bank Publications |
| Total Pages | : 397 |
| Release | : 2022-02-09 |
| Genre | : Business & Economics |
| ISBN | : 1464817545 |
Download The Long Shadow of Informality Book in PDF, ePub and Kindle
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
| Author | : Era Dabla-Norris |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2007-05 |
| Genre | : Business & Economics |
| ISBN | : |
Download Informality and Regulations Book in PDF, ePub and Kindle
The paper relies on a rich firm-level data set on transition economies to examine the role of informality as an important channel through which regulatory and other policy constraints affect firm growth. We find that firms reduce their formal operations with a higher tax and regulatory burden, but increase it with better enforcement quality. In terms of firm growth, we find a differential impact of regulatory burden and enforcement quality on formal and informal firms. In particular, we find that growth in formal firms is negatively affected by both tax and financing constraints, while these constraints are insignificant for growth in informal firms. Moreover, formal firm growth improves with better enforcement as measured by fair and impartial courts, while informal firm growth is constrained by organized crime, pointing to their inability to take full advantage of the legal and judicial systems. Finally, when we look at country-wide institutions, we find that higher regulatory burden reduces firm growth. An interactive term between a country-wide measure of the rule of law and a proxy for formality suggests that better enforcement quality dampens the relatively weaker growth in formal firms.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 230 |
| Release | : 2011-12-08 |
| Genre | : Business & Economics |
| ISBN | : 161635156X |
Download Public Sector Debt Statistics Book in PDF, ePub and Kindle
The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importance of reliable and timely government statistics and, more broadly, public sector debt as a critical element in countries fiscal and external sustainability. Public Sector Debt Statistics is the first international guide of its kind, and its primary objectives are to improve the quality and timeliness of key debt statistics and promote a convergence of recording practices to foster international comparability and as a reference for national compilers and users for compiling and disseminating these data. Like other statistical guides published by the IMF, this one was prepared in consultation with countries and international agencies, including the nine organizations of the Inter-Agency Task Force on Finance Statistics (TFFS). The guide's preparation was based on the broad range of experience of our institutions and benefitted from consultation with national compilers of government finance and public sector debt statistics. The guide's concepts are harmonized with those of the System of National Accounts (2008) and the Balance of Payments and International Investment Position Manual, Sixth Edition.
| Author | : Basudeb Guha-Khasnobis |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 313 |
| Release | : 2006-09-21 |
| Genre | : Business & Economics |
| ISBN | : 0199204764 |
Download Linking the Formal and Informal Economy Book in PDF, ePub and Kindle
A collection of studies on formality and informality in developing countries, this volume contains contributions from anthropologists, economists, sociologists, and political scientists. It argues for moving beyond the formal-informal dichotomy, and offers information to develop guiding principles for intervention.
| Author | : Leandro Medina |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2017-07-10 |
| Genre | : Business & Economics |
| ISBN | : 1484309030 |
Download The Informal Economy in Sub-Saharan Africa Book in PDF, ePub and Kindle
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.
| Author | : Basak Kus |
| Publisher | : |
| Total Pages | : 492 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Download Regulatory Governance and Economic Informality Book in PDF, ePub and Kindle
| Author | : Guillermo Perry |
| Publisher | : World Bank Publications |
| Total Pages | : 270 |
| Release | : 2007 |
| Genre | : Business & Economics |
| ISBN | : 0821370936 |
Download Informality Book in PDF, ePub and Kindle
Analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. This book uses two distinct but complementary lenses. It concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy.
| Author | : William Francis Maloney |
| Publisher | : World Bank Publications |
| Total Pages | : 32 |
| Release | : 2003 |
| Genre | : Informal sector (Economics) |
| ISBN | : |
Download Informality Revisited Book in PDF, ePub and Kindle
The author develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers alternative explanations for many of the characteristics of the informal sector customarily regarded as evidence of its inferiority.
