Lack of insurance is a key constraint to small firms. Flexibility sees improved outcomes and socioeconomic status, combined with lower default rates.

Evidence from China shows tax revenues increase in the short run from better enforcement, but these increases decrease over time as firms downsize

The arrival of the steamship benefitted some countries but not others, with the strength and inclusiveness of institutions playing a key role

A cheap intervention increased firm registration but failed to impact tax registration, negating potential tax revenue

Sharp reductions in violent crime in Colombia led to substantial increments in firm production, firm creation, and higher real income for local...

How do we get more women in senior positions? Chris Woodruff shares insights from the Bangladeshi garment industry

Evidence from the garment industry in Bangladesh shows that it is not obvious that policymakers should try to limit the role of referrals in job...

Lower informality does not necessarily translate to higher total factor productivity or improved welfare

Social networks substituted for legally enforced contracts between firms and paved the way for entrepreneurs to flourish