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| Main Author: | |
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| Format: | Artículo científico |
| Language: | en |
| Published: |
Centro de Investigación y Docencia Económicas, A.C.
2013
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| Online Access: | https://www.redalyc.org/articulo.oa?id=32329695004 |
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Table of Contents:
- Estimating the Effects of Formality on Mexican Informal Microfirms. A Joint Multivariate Approach Sonia Di Giannatale Gibrán Ramírez-Abarca Ricardo Smith Economía y Finanzas Roy model informal sector Microfirm behavior developing economies 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. 2013 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32329695004 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Vol.II