Publication:
Do Informal Firms Want to Formalize and Does It Help Them If They Do?

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dc.contributor.authorMel, Suresh de
dc.contributor.authorMcKenzie, David
dc.contributor.authorWoodruff, Christopher
dc.date.accessioned2012-08-13T10:16:55Z
dc.date.available2012-08-13T10:16:55Z
dc.date.issued2012-03
dc.description.abstractMost firms in developing countries are informal. Does it make sense for them to formalize? Hernando de Soto has famously argued that informal firms would like to be formal, only that burden some entry barriers prevent them. The result, spurred by the efforts of doing business and investment climate reform efforts has been efforts around the world to streamline the entry process. However, a countervailing view of informality views informal firm owners as rationally weighing up the costs and benefits of formalizing, and rationally choosing only to become formal when they grow large enough to benefit from the formal institutions of society. In this view, smaller, less productive firms don't see any gain to formalizing, so choose not to.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/03/16240749/informal-firms-want-formalize-help
dc.identifier.doi10.1596/10053
dc.identifier.urihttps://hdl.handle.net/10986/10053
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesFinance and PSD Impact; No. 17
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectADVERTISING
dc.subjectBANK ACCOUNT
dc.subjectBANK POLICY
dc.subjectBUSINESSES
dc.subjectDEVELOPING COUNTRIES
dc.subjectELECTRICITY
dc.subjectEMPLOYMENT
dc.subjectENTRY BARRIERS
dc.subjectFINANCIAL SECTOR
dc.subjectFIRMS
dc.subjectGOVERNMENT CONTRACT
dc.subjectINVESTMENT CLIMATE
dc.subjectLOCAL GOVERNMENT
dc.subjectMONETARY BENEFITS
dc.subjectPERSONAL LOANS
dc.subjectPOLICY IMPLICATIONS
dc.subjectREGISTRATION PROCESS
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSME
dc.subjectTAX
dc.subjectMicrodata Set
dc.titleDo Informal Firms Want to Formalize and Does It Help Them If They Do?en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2012-04-25
okr.date.doiregistration2025-04-29T10:31:27.687985Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/03/16240749/informal-firms-want-formalize-help
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid814061468348850298
okr.identifier.externaldocumentum000386194_20120425013036
okr.identifier.internaldocumentum16240749
okr.identifier.report68268
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/25/000386194_20120425013036/Rendered/PDF/682680BRI0Box30PUBLIC00ImpactNote17.pdfen
okr.relation.associateddatasethttp://microdata.worldbank.org/index.php/catalog/1063
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicSmall Scale Enterprise
okr.topicIndustry
okr.unitEcon. Policy & Poverty Sector (SASEP)
okr.volume1 of 1
relation.isAuthorOfPublication148d6d6d-76e5-5d6f-9af9-98313e30551f
relation.isAuthorOfPublication.latestForDiscovery148d6d6d-76e5-5d6f-9af9-98313e30551f
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