Leasing the street: Institutional arrangements on street vendors’ property rights in Venezuela

Leasing the street: Institutional arrangements on street vendors’ property rights in Venezuela2019-01-17T17:10:38+00:00

Project Description

Leasing the street: Institutional arrangements on street vendors’ property rights in Venezuela

Por Wladimir Zanoni

Official statistics show that, by 2004, the informal commerce in Venezuela employed 1.5 million people (15% of the labor force) and contributed to 3.25% of the Venezuelan GDP1. Unemployment rates (averaging 14.11% in the 1996-2004 period), high costs of doing business (e.g. De Soto et. all, 1989 pioneer study in Peru; Penfold, 2001 in Venezuela), and low quality of public goods (Levenson and Maloney, 1998; Azuma and Grossman, 2002), engender positive incentives to engage in that informal activity.

DESCARGAR DOCUMENTO

DESDE EL BLOG

CEDICE LIBERTAD

Av. Andrés Eloy Blanco (este 2) Edif. Cámara de Comercio de Caracas Nivel Auditorio, Los Caobos, Caracas

Phone: +58 (212) 571.33.57