Economic Informality: Causes, Costs, and Policies - A Literature Survey

Ana Maria Oviedo, Mark R. Thomas and Kamer Karakurum-Ozdemir

No 5917 in World Bank Publications - Books from The World Bank Group

Abstract: In this survey the author assemble recent theoretical and empirical advances in the literature on economic informality, analyzing the causes and costs of informality in developed and developing economies. In accordance with recent evidence, the author discusses the nature and the roots of informal economic activity across countries distinguishing between informality as the result of 'exclusion' and 'exit.' The author then provides an extensive review of recent international experience with policies aimed at reducing informality, in particular policies that facilitate the formalization process, create a framework for the transition from informality to formality, lend support to newly created firms, reduce or eliminate inconsistencies across regulation and government agencies, increase information flows, and increase enforcement.

Keywords: Social; Protections; and; Labor-Labor; Markets; Social; Protections; and; Labor-Labor; Policies; Macroeconomics; and; Economic; Growth-Economic; Theory; &; Research; Finance; and; Financial; Sector; Development-Access; to; Finance (search for similar items in EconPapers)
Date: 2009
ISBN: 978-0-8213-7996-7
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (27)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:5917

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