suspension. By doing so, it lays a foundation for future research that seeks to better understand informal sector activities and performance via high-frequency tax reporting information. In particular, future work should try to better understand both the extent and the factors that lead small firms, and especially household-owned firms, in developing countries to suspend their businesses when faced with shocks that could be idiosyncratic or aggregate. Understanding the performance and dynamics of small firms is key to improving the livelihoods of poor households, generating jobs, and boosting labor productivity in low-income countries.

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