연구정보
[경영] Formalization and productivity Firm-level evidence from Viet Nam
베트남 국외연구자료 연구보고서 - WIDER 발간일 : 2020-12-22 등록일 : 2021-01-14 원문링크
Using a firm-level panel dataset on private small- and medium-sized enterprises (SMEs) in Viet Nam’s manufacturing sector, this paper examines productivity dynamics of formal and informal firms. We decompose productivity changes into changes within and between formal and informal firms. We assess the contributions of firm entry and exit as well as informal–formal transitions.
Our results show that productivity is considerably lower and misallocation more prevalent in the informal than in the formal sector. Yet, formalizing firms in Viet Nam make an important contribution to aggregate productivity growth among manufacturing SMEs, growing faster than other firms and increasing efficiency.
We identify two ‘regimes’ of formalization. Until early 2010, more productive (previously) informal firms formalize. Policy changes and accelerated formalization then alter the characteristics of formalizers, as less productive firms become formal. While this formalization wave depresses average formal total factor productivity growth, the overall productivity effect is positive.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경영] Informality and firm performance in Myanmar | 2021-01-14 |
|---|---|---|
| 다음글 | [경제] Revenue Statistics in Asian and Pacific Economies 2020 | 2021-01-20 |
