Growth and the Informal Economy: A study on the effect of growth on the relative size of the informal economy in the developing world
Throughout the developing world the informal (“black”) economy is a current issue. It constitutes a source of vulnerability to the people affiliated to it, and further hampers the nation´s economic performance. In addition it is at large unresponsive to policy change, and is further on difficult to monitor by government officials. The informal economy is a global problem. Previous studies on the i
