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Formalisation of Informal Enterprises: Economic Growth and Poverty
[working paper]
Corporate Editor
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Abstract Several studies have reported on factors that impede the formalisation of the informal sector emphasising the high costs of formalisation and the lack of incentives for operating in the formal sector.Various approaches have been adopted by stakeholders in order to overcome these problems and this pa... view more
Several studies have reported on factors that impede the formalisation of the informal sector emphasising the high costs of formalisation and the lack of incentives for operating in the formal sector.Various approaches have been adopted by stakeholders in order to overcome these problems and this paper aims to assess these approaches and the factors related to
informality-formality trade-off as well as the matter of formalisation as a solution for firms’
growth. By deliberating over the problems faced by informal enterprises and the literature
addressing the options for accelerating the formalisation of informal enterprises, the paper
will briefly summarise the weaknesses of these approaches.... view less
Keywords
informal sector; enterprise; growth; private sector; small business; medium-sized firm; economic growth; poverty; developing country
Classification
Economic Sectors
National Economy
Free Keywords
formal sector; small and medium-sized enterprises
Publication Year
2006
City
Eschborn
Page/Pages
38 p.
Status
Published Version; reviewed