On the Aggregate Implications of Removing Barriers to Formality

Catalina Granda; Franz Hamann

doi:https://doi.org/10.20955/r.102.203-20

On the Aggregate Implications of Removing Barriers to Formality

Translated title of the contribution: On the Aggregate Implications of Removing Barriers to Formality

Catalina Granda, Franz Hamann

Research output: Contribution to specialist publication › Article

Abstract

An extensive phenomenon worldwide, but especially in developing economies, is the existence of large informal sectors. Indeed, Schneider, Buehn, and Montenegro (2010) report average sizes of over 40 percent of gross domestic product (GDP) for Sub-Saharan Africa, Latin America, and the Caribbean, which contrast with about 17 percent in high-income Organisation for Economic Co-operation and Development (OECD) countries. While both

Translated title of the contribution	On the Aggregate Implications of Removing Barriers to Formality
Original language	English
Pages	203-220
Number of pages	18
Volume	102
No	2
Specialist publication	Federal Reserve Bank of St. Louis Review
DOIs	https://doi.org/10.20955/r.102.203-20
State	Published - May 1 2020
Externally published	Yes

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On the Aggregate Implications of Removing Barriers to Formality

Abstract

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