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Linking the Formal and Informal EconomyConcepts and Policies$
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Basudeb Guha-Khasnobis, Ravi Kanbur, and Elinor Ostrom

Print publication date: 2006

Print ISBN-13: 9780199204762

Published to Oxford Scholarship Online: September 2006

DOI: 10.1093/0199204764.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 08 December 2019

The impact of regulation on growth and informality: cross-country evidence *

The impact of regulation on growth and informality: cross-country evidence *

Chapter:
(p.121) 7 The impact of regulation on growth and informality: cross-country evidence*
Source:
Linking the Formal and Informal Economy
Author(s):

Norman V. Loayza

Ana María Oviedo

Luis Servén

Publisher:
Oxford University Press
DOI:10.1093/0199204764.003.0007

This paper studies the effects of regulation on economic growth and the relative size of the informal sector in a large sample of industrial and developing countries. Along with firm dynamics, informality is an important channel through which regulation affects macroeconomic performance and economic growth. A heavier regulatory burden, particularly in product and labour markets, reduces growth and induces informality. These effects are, however, mitigated as the overall institutional framework improves.

Keywords:   informal sector, growth, regulations, governance

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