A common explanation for the poor performance of entrepreneurs in developing economies is their inability to obtain credit to expand their scale of operation. This paper assesses the aggregate impacts of the Cartão BNDES, a credit line targeted at small and medium enterprises (SMEs) in Brazil,...

This paper develops and estimates an equilibrium model where heterogeneous firms can exploit two margins of informality: (i) not register their business, the extensive margin; and (ii) hire workers "off the books", the intensive margin. The model encompasses the main competing frameworks for...

Brazilian labor market informality: a review of the literature. The economic literature relative to Brazilian labor market informality is very disperse and presents a significant lack of organization. In that sense, the purpose of this paper is to organize and discuss on a systematic way the...

The first goal of this paper is to present spatial and industry-wide representative new results on organizational change for Brazilian establishments. The results are based on new proposed measures and capture not only incidence of organizational change but also the level of intensity of this...

Se establece en este ensayo una base para investigar la relacion entre la pobreza, la distribucion de los recursos y la operacion de los mercados de activos en Brasil. Se desea asi, sobre todo, ayudar a la implantacion de politicas que incrementen los activos de capital de los pobres. Para tal...