Business informality in Colombia: an obstacle for creative destruction

This document studies the effects of business informality in terms of distortions in resource absorption, particularly labor, by informal companies. It also assesses the consequences of lower demand for labor of informal firms over aggregate productivity. With firm level data from the DANE Micro-est...

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Autores:
Ydrovo Echeverry, Erika
Tipo de recurso:
Work document
Fecha de publicación:
2010
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8172
Acceso en línea:
http://hdl.handle.net/1992/8172
Palabra clave:
Informal sector
Labor demand
Factor demand
Aggregate productivity
Colombia
Economía informal - Colombia
Mercado laboral - Colombia
Productividad del trabajo - Colombia
J23, O17, O47, D24
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Ydrovo Echeverry, Erikaa6fccc36-191b-46dc-8f59-483cd3a843056002018-09-27T16:51:01Z2018-09-27T16:51:01Z20101657-5334http://hdl.handle.net/1992/81721657-719110.57784/1992/8172instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This document studies the effects of business informality in terms of distortions in resource absorption, particularly labor, by informal companies. It also assesses the consequences of lower demand for labor of informal firms over aggregate productivity. With firm level data from the DANE Micro-establishments Survey, a matching exercise between formal and informal firms is conducted. It was found that the latter hire fewer employees than formal firms with the same characteristics, including Total Factor Productivity. The matching results allow using counterfactual demands of labor of informal firms to calculate and compare the real and counterfactual aggregate productivity levels. The results indicate that if informal firms would demand the amount of employment demanded by similar formal firms, market share distribution of firms would improve and this would positively affect aggregate productivity.Este documento estudia los efectos de la informalidad empresarial en términos de distorsiones en la absorción de recursos, en particular de trabajo, por parte de las firmas informales. También evalúa las consecuencias de la menor demanda de trabajo de las firmas informales sobre la productividad agregada. A partir de datos a nivel de la firma de la Encuesta de Microestablecimientos del DANE, se realiza un ejercicio de emparejamiento entre firmas formales e informales. Se encuentra que estas últimas contratan menos empleados que firmas formales con iguales características, entre éstas productividad total de los factores. Los resultados del emparejamiento permiten usar las demandas de trabajo contrafactuales de las firmas informales para calcular y comparar los niveles de productividad agregada real y contrafactual. Los resultados indican que si las firmas informales demandaran la cantidad de empleo que demandan las firmas formales similares, mejoraría la distribución de participación de mercado a través de las firmas, y esto impulsaría la productividad agregada positivamente.36 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 17 Junio de 2010https://ideas.repec.org/p/col/000089/007198.htmlBusiness informality in Colombia: an obstacle for creative destructionInformalidad empresarial en Colombia: un obstáculo a la destrucción creativaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPInformal sectorLabor demandFactor demandAggregate productivityColombiaEconomía informal - ColombiaMercado laboral - ColombiaProductividad del trabajo - ColombiaJ23, O17, O47, D24Facultad de EconomíaPublicationTEXTdcede2010-17.pdf.txtdcede2010-17.pdf.txtExtracted texttext/plain82013https://repositorio.uniandes.edu.co/bitstreams/6c1ca4e0-62bb-4788-a6f3-2ffcf0f2a8fc/downloadacabf82dc96e133b091e45e9b3602eb3MD54ORIGINALdcede2010-17.pdfdcede2010-17.pdfapplication/pdf486161https://repositorio.uniandes.edu.co/bitstreams/e57429ed-df26-4d22-be52-3c3017ed87fa/download83dde08cd1223f86bd467140f6eb6759MD51THUMBNAILdcede2010-17.pdf.jpgdcede2010-17.pdf.jpgIM Thumbnailimage/jpeg27773https://repositorio.uniandes.edu.co/bitstreams/981dc31f-1eea-4d28-8389-4bce67bd26b8/download820424de7a20c358d1d655d2cb22f888MD551992/8172oai:repositorio.uniandes.edu.co:1992/81722024-06-04 15:46:38.601http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Business informality in Colombia: an obstacle for creative destruction
dc.title.alternative.none.fl_str_mv Informalidad empresarial en Colombia: un obstáculo a la destrucción creativa
title Business informality in Colombia: an obstacle for creative destruction
spellingShingle Business informality in Colombia: an obstacle for creative destruction
Informal sector
Labor demand
Factor demand
Aggregate productivity
Colombia
Economía informal - Colombia
Mercado laboral - Colombia
Productividad del trabajo - Colombia
J23, O17, O47, D24
title_short Business informality in Colombia: an obstacle for creative destruction
title_full Business informality in Colombia: an obstacle for creative destruction
title_fullStr Business informality in Colombia: an obstacle for creative destruction
title_full_unstemmed Business informality in Colombia: an obstacle for creative destruction
title_sort Business informality in Colombia: an obstacle for creative destruction
dc.creator.fl_str_mv Ydrovo Echeverry, Erika
dc.contributor.author.none.fl_str_mv Ydrovo Echeverry, Erika
dc.subject.keyword.none.fl_str_mv Informal sector
Labor demand
Factor demand
Aggregate productivity
Colombia
topic Informal sector
Labor demand
Factor demand
Aggregate productivity
Colombia
Economía informal - Colombia
Mercado laboral - Colombia
Productividad del trabajo - Colombia
J23, O17, O47, D24
dc.subject.armarc.none.fl_str_mv Economía informal - Colombia
Mercado laboral - Colombia
Productividad del trabajo - Colombia
dc.subject.jel.none.fl_str_mv J23, O17, O47, D24
description This document studies the effects of business informality in terms of distortions in resource absorption, particularly labor, by informal companies. It also assesses the consequences of lower demand for labor of informal firms over aggregate productivity. With firm level data from the DANE Micro-establishments Survey, a matching exercise between formal and informal firms is conducted. It was found that the latter hire fewer employees than formal firms with the same characteristics, including Total Factor Productivity. The matching results allow using counterfactual demands of labor of informal firms to calculate and compare the real and counterfactual aggregate productivity levels. The results indicate that if informal firms would demand the amount of employment demanded by similar formal firms, market share distribution of firms would improve and this would positively affect aggregate productivity.
publishDate 2010
dc.date.issued.none.fl_str_mv 2010
dc.date.accessioned.none.fl_str_mv 2018-09-27T16:51:01Z
dc.date.available.none.fl_str_mv 2018-09-27T16:51:01Z
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dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 17 Junio de 2010
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dc.format.extent.none.fl_str_mv 36 páginas
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dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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