Impact Of The Informal Economy On Development

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If the barriers to officialdom are lowered and capital is supplied through micro finance, unofficial firms will register, borrow, take advantage of other benefits of official status, and by doing so expand and spark economic growth. The key aspect of this optimistic view is that unofficial firms are fundamentally similar to the official ones, but kept down by policy...
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The key aspect of this optimistic view is that unofficial firms are fundamentally similar to the official ones, but kept down by policy. In particular, unofficial firms should look similar to official firms with respect to characteristics not affected by government policies, such as the characteristics of entrepreneurs (e...
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