@article{fdi:010066970,
  title = {{D}o informal businesses gain from registration and how ? {P}anel data evidence from {V}ietnam},
  author = {{D}emenet, {A}xel and {R}azafindrakoto, {M}ireille and {R}oubaud, {F}ran{\c{c}}ois},
  editor = {},
  language = {{ENG}},
  abstract = {{T}his paper evaluates the impact of {H}ousehold {B}usinesses' decision to leave the informal sector on their performance and mode of operation. {I}t capitalizes on a unique panel dataset, result of a five-year project. {U}sing dynamic specifications, we find a significant impact of formalization on annual value added of 20% on average. {M}ore importantly, we show that this improvement is not valid for the smallest units, and that it is made possible for the others by changing their operating conditions. {R}eleased from the constraints of informality, they can access better equipment, increase their scale of operation, and operate in a more competitive environment.},
  keywords = {informal sector ; formalization ; causal impact ; development policy ; {A}sia ; {V}ietnam ; {VIET} {NAM}},
  booktitle = {},
  journal = {{W}orld {D}evelopment},
  volume = {84},
  numero = {},
  pages = {326--341},
  ISSN = {0305-750{X}},
  year = {2016},
  DOI = {10.1016/j.worlddev.2015.09.002},
  URL = {https://www.documentation.ird.fr/hor/fdi:010066970},
}