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Legalizing Entrepreneurship / Dany Bahar, Bo Cowgill, Jorge Guzman.
- Format:
- Book
- Author/Creator:
- Bahar, Dany.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30624.
- NBER working paper series no. w30624
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- We use administrative data linked to the complete formal business registry to study a 2018 policy shift in Colombia that made nearly half a million Venezuelan undocumented migrants eligible for a resident visa. Immigrants who receive the visa increase their economic activity in the form of higher entrepreneurship by a factor as high as 12, bringing it to parity with native Colombians four years later. To establish causal estimates, we develop a novel extension of a regression discontinuity design. Our design uses variation in the running-variable (coming from rain) to instrument for migrants' choices to apply for visas.
- Notes:
- Print version record
- November 2022.
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