eBook

Increasing formality and productivity of Bolivian firms

World Bank

2009

Overview

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.

• Publisher: World Bank,World Bank Publications,The World Bank
• Subject: ACCESS TO CAPITAL / ACCESS TO CREDIT / ACCESS TO FINANCE / ACCESS TO FINANCIAL SERVICES / ACCESS TO FOREIGN MARKETS / ACCESS TO MARKET / ADMINISTRATIVE BARRIERS / ADVISORY SERVICES / AGE OF RETIREMENT / ANNUAL INCOME / BALANCE SHEET / BANK DEPOSIT / BANKRUPTCY / BANKS / BARRIERS TO ENTRY / Bolivia / Bolivien / BRANCH / BRIBES / BUSINESS & ECONOMICS / BUSINESS ASSOCIATIONS / BUSINESS DEVELOPMENT / BUSINESS ENVIRONMENT / BUSINESS SUPPORT / BUSINESS TAXES / CAPITAL REQUIREMENT / CHAMBER OF COMMERCE / COLLATERAL / COMPANY / CONTRACT ENFORCEMENT / CONTRIBUTION / CONTRIBUTIONS / CORRUPTION / CREDIT BUREAUS / CURRENCY / CUSTOMER BASE / DEBT / DEBT RELIEF / DEDUCTIBLE / DEMOGRAPHIC GROUPS / DEVELOPMENT BANK / DISCRIMINATION / DOMESTIC MARKET / DOMESTIC WORKERS / EARNINGS / ECONOMIC COOPERATION / ECONOMIC GROWTH / ECONOMIC REFORMS / ECONOMIES OF SCALE / EDUCATION LEVELS / EMPLOYEE / EMPLOYERS / EMPLOYMENT / ENFORCEABILITY OF CONTRACTS / ENTREPRENEUR / ENTREPRENEURS / EXPANSION / EXTERNALITIES / FACILITATION / FAMILIES / FAMILY INCOME / FAMILY MEMBERS / FAMILY RESPONSIBILITIES / FEMALE ENTREPRENEURS / FINANCIAL ENVIRONMENT / FINANCIAL INSTRUMENTS / FINANCIAL SECTOR / FINANCIAL SERVICES / FINANCIAL SUPPORT / FIRM LEVEL / FIRM SIZE / FIRMS / FISCAL RESOURCES / FORMAL ECONOMY / FORMAL LABOR MARKET / FUND MANAGEMENT / GENDER / GENDER DIFFERENCES / GROUPS OF PEOPLE / HEALTH INSURANCE / HOUSEHOLD SURVEYS / HOUSEHOLDS / HUMAN CAPITAL / INCOME DISTRIBUTION / INCOME INEQUALITY / INCOME TAX / INCOMES / Industrial productivity / Industrial productivity -- Bolivia / INDUSTRY CHARACTERISTICS / INEQUALITY / INFORMAL EMPLOYMENT / INFORMAL SECTOR / Informal sector (Economics) / Informal sector (Economics) -- Bolivia / INFORMAL WORKERS / Informelle Wirtschaft / INPUT PRICES / INSURANCE / INTEREST RATES / INTERNATIONAL BANK / JOB OPPORTUNITIES / JOBS / KMU / LABOR CONTRACT / LABOR CONTRACTS / LABOR FORCE / LABOR LAWS / LABOR MARKET / LABOR MARKET SEGMENTATION / LABOR ORGANIZATION / LABOR REGULATION / LABOR REGULATIONS / LACK OF INFORMATION / LACK OF KNOWLEDGE / LARGE ENTERPRISES / LARGE FIRMS / LAWS / LAWYER / LAWYERS / LEVEL OF EDUCATION / LIABILITY / LICENSING / LIMITED ACCESS / LOCAL FIRMS / LOW COST / LOW ENTRY BARRIERS / Management / MARRIED WOMEN / MEDIUM ENTERPRISES / MICRO ENTERPRISES / MICROCREDIT / MICROFINANCE / MIGRATION / MUNICIPAL GOVERNMENTS / MUNICIPALITIES / NEW BUSINESS / NEW ENTRANTS / NONGOVERNMENTAL ORGANIZATION / OCCUPATION / OLDER WORKERS / PENALTIES / PENSION / PENSION FUND / PENSION FUNDS / PENSION RIGHTS / PENSION SYSTEM / PENSION SYSTEMS / PRIMARY SCHOOL / PRIVATE COSTS / PRIVATE EMPLOYMENT / PRIVATE FIRMS / PRIVATE INSTITUTIONS / PRIVATE SECTOR / PRIVATIZATIONS / PRODUCT MARKET / PRODUCT MARKET REGULATION / PRODUCT MARKETS / PRODUCTION PROCESS / PRODUCTIVE SECTOR / PRODUCTIVITY / PRODUCTIVITY GROWTH / Produktivität / PROFITABILITY / PROPERTY RIGHTS / PUBLIC AGENCIES / PUBLIC EDUCATION / PUBLIC EMPLOYMENT / PUBLIC GOODS / PUBLIC POLICY / PUBLIC SECTOR EMPLOYEES / PUBLIC SECTOR EMPLOYMENT / PUBLIC SERVICES / PURCHASES / RATES OF RETURN / REAL ESTATE / RECEIPTS / RED TAPE / REGISTRATION PROCESS / REGULATORY BURDEN / REGULATORY BURDENS / Rentabilität / RETIRED / RETIREMENT / RETIREMENT PENSION / RURAL EMPLOYMENT / SALARIED EMPLOYMENT / SALARIED WORKERS / SALARIES / SAVINGS / SECONDARY EDUCATION / SELF-EMPLOYMENT / SIZE OF FIRM / SKILLED LABOR / Small business / Small business -- Bolivia -- Management / SMALL BUSINESSES / SMALL ENTERPRISES / SMALL ENTREPRENEURS / SMALL FIRMS / SMALLER FIRMS / SUBSIDIARY / SUPPLIER / SUPPLY OF CREDIT / TAX ADMINISTRATION / TAX BURDEN / TAX COLLECTION / TAX RATES / TAX REGIME / TAX REGIMES / TAXATION / TECHNICAL ASSISTANCE / TOTAL COST / TOTAL EMPLOYMENT / TOTAL FACTOR PRODUCTIVITY / TRAINING SERVICES / TRANSACTION / TRANSPORT / UNEMPLOYED / URBAN AREAS / URBAN EMPLOYMENT / URBAN WORKERS / URBANIZATION / VULNERABLE GROUPS / WAGE / WORKER / YOUNG PEOPLE
• ISBN: 9780821380239, 0821380230, 9780821380246, 0821380249