Sep 21, 2014

Articles in journals

Mendicino, C., Prado, M.

124

5

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.

Firm heterogeneity; ,Production complementarity;,Taxation; ,Enforcement; ,Regulation,