期刊名称：Discussion Papers / Department of Economics, University of Essex
出版年度：2003
卷号：2003
出版社：University of Essex
摘要：Using panel data on micro-enterprises from Peru, we find evidence suggesting that firm dynamics explain 'formality', i.e. the decision to participate in societal institutions. In particular, we find that participation increases with firm size and age, implying transition of firms to formality as they grow. The distinct characteristics of sub-groups, segmented according to life-cycle criteria, further support the role of firm dynamics and life-cycle considerations for the analysis of participation.
