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

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. R...

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Detalles Bibliográficos
Autores principales: Gibrán Ramírez-Abarca, Sonia Di Giannatale, Ricardo Smith
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2013
Materias:
Economía y Finanzas
Microfirm behavior
informal sector
Roy model
developing economies
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32329695004
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329695004oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-32329695004oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Microfirm behavior
informal sector
Roy model
developing economies
spellingShingle Economía y Finanzas
Microfirm behavior
informal sector
Roy model
developing economies
Gibrán Ramírez-Abarca
Sonia Di Giannatale
Ricardo Smith
Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
topic_facet Economía y Finanzas
Microfirm behavior
informal sector
Roy model
developing economies
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.
format Artículo científico
Artículo científico
author Gibrán Ramírez-Abarca
Sonia Di Giannatale
Ricardo Smith
author_facet Gibrán Ramírez-Abarca
Sonia Di Giannatale
Ricardo Smith
author_sort Gibrán Ramírez-Abarca
title Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
title_short Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
title_full Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
title_fullStr Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
title_full_unstemmed Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach
title_sort estimating the effects of formality on mexican informal microfirms. a joint multivariate approach
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2013
url http://www.redalyc.org/articulo.oa?id=32329695004
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329695004oai
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AT soniadigiannatale estimatingtheeffectsofformalityonmexicaninformalmicrofirmsajointmultivariateapproach
AT ricardosmith estimatingtheeffectsofformalityonmexicaninformalmicrofirmsajointmultivariateapproach
bdutipo_str Repositorios
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