The Informal Sector in Developing Countries: Output, Assets and Employment

Sangeeta Pratap and Erwan Quintin ()

No RP2006-130, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This study documents four key facts about informal economic activities: (1) the size of the informal sector varies greatly across nations; (2) this size is strongly correlated with economic development, the tax burden, and the rule of law; (3) the informal sector emphasizes small-scale, self-financed and unskilled labour intensive economic activities; and (4), while financial markets are generally segmented along formal/informal lines in developing nations there is no compelling evidence that this is true for labour markets.

Keywords: Informal sector; Labour market; Market segmentation (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (40)

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