The Informal Sector , Firm Dynamics and Institutional Participation

  title={The Informal Sector , Firm Dynamics and Institutional Participation},
  author={Alec R. Levenson and Milken},
This paper provides new evidence on patterns of institutional participation and regulatory compliance among small firms in Mexico. It also offers a unique theoretical motivation for empirical analysis, assuming that firm dynamics are comparable in both developing and industrialized countries. Equating formal production with institutional participation, key conclusions are that no institutional or governmental distortions are required to generate an informal sector, and that firms should… CONTINUE READING
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