Informality in the process of development and growth (English)

"Informality" is a term used to describe the collection of firms, workers, and activities that operate outside the legal and regulatory systems. It is widespread in the majority of developing countries--in a typical developing economy, the informal sector produces about 35 percent of gross domestic product and employs 70 percent of the labor force. This paper studies informality in the context of economic development by presenting a model and projections...

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Author

Loayza,Norman V.;
Document Date
2016/10/12
Document Type
Policy Research Working Paper
Report Number
WPS7858
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/10/12
Disclosure Status
Disclosed
Doc Name
Informality in the process of development and growth
Keywords
modern economy

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Citation

Loayza,Norman V..

Informality in the process of development and growth (English). Policy Research working paper|no. WPS 7858 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/998481476291165295

Informality in the process of development and growth (English)

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