Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach

dc.creator	Sonia Di Giannatale
dc.creator	Gibrán Ramírez-Abarca
dc.creator	Ricardo Smith
dc.date	2013
dc.date.accessioned	2022-03-22T16:07:58Z
dc.date.available	2022-03-22T16:07:58Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=32329695004
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/82924
dc.description	In this article we use a multivariate framework to estimate net profits and levels of capital and labor for informal Mexican microfirms had they been formal. We estimate a Roy model to simultaneously model three different micro- firm responses conditional on the sector (formal or informal) choice. Responses include profits and levels of labor and capital to be used in each sector. Our results in dicate that the formal counterfactuals of currently informal microfirms employ higher levels of labor and physical capital; yet, they do not earn higher profits.
dc.format	application/pdf
dc.language	en
dc.publisher	Centro de Investigación y Docencia Económicas, A.C.
dc.relation	http://www.redalyc.org/revista.oa?id=323
dc.rights	Economía Mexicana. Nueva Época
dc.source	Economía Mexicana. Nueva Época (México) Vol.II
dc.subject	Economía y Finanzas
dc.subject	Microfirm behavior
dc.subject	informal sector
dc.subject	Roy model
dc.subject	developing economies
dc.title	Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
dc.type	artículo científico