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eBook - ePub
Increasing Formality and Productivity of Bolivian Firms
About this book
Bolivia's informal economic sector is the largest in Latin America and has been attributed to many factors including the burden of regulations, the weakness of public institutions, and the lack of perceived benefits to formality. 'Increasing Formality and Productivity of Bolivian Firms' presents fresh qualitative and quantitative analyses to help understand the reasons why firms are informal and the impact of formalization on their profitability, in order to better inform appropriate policies. A crucial finding of the study is that the impact of tax registration on profitability depends on firm size and the ability to issue tax receipts. The smallest and largest firms have lower profits as a result of tax registration because their cost of formalizing exceeds benefits. The study concludes by recommending policy priorities to increase the benefits of formalization through information, training, access to credit and markets, and business support. Longer-term policy recommendations include simplifying formalization, regulatory, and taxation procedures and reducing their costs, as well as measures to boost the productivity of small and micro firms.
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Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Increasing Formality and Productivity of Bolivian Firms by The World Bank in PDF and/or ePUB format, as well as other popular books in Business & Business Development. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Title Page
- Copyright
- Contents
- Preface
- Abstract
- Acknowledgments
- Abbreviations and Acronyms
- Executive Summary
- Introduction: Increasing Formality and Productivity of Bolivian Firms
- 1. The Informal Sector in Bolivia Today
- 2. The Productivity of Micro and Small Firms
- 3. Informality and Profitability in Micro and Small Firms
- 4. Policy Recommendations
- References
- Back cover