The majority of firms in most developing countries are informal. The authors of this paper conducted a field experiment in Sri Lanka that provided incentives for informal firms to formalize. Offering only information about the registration process and reimbursement for direct registration costs had no impact on formalization. Adding payments equivalent to one-half to one month's profits for the median firm led to registration of around one-fifth of...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2012/03/01
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Рабочий документ в рамках исследования вопросов политики
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WPS5991
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1
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1
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2012/03/01
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Disclosed
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The demand for, and consequences of, formalization among informal firms in Sri Lanka
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Finance & Private Sector Development
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