Understanding the Theoretical Foundations Underlying the Formalization of the Informal Economy

• Published in: The journal of applied business and economics Vol. 25; no. 2; pp. 98 - 111
• Main Author: Nohoua, Traore
• Format: Journal Article
• Language: English
• Published: Thunder Bay North American Business Press 05.06.2023
• Subjects: Competition; Developing countries; Economic development; Economic growth; Entrepreneurs; GDP; Gross Domestic Product; Growth models; Growth rate; Informal economy; LDCs; Legislation; Productivity; Public services; State budgets; Structural adjustment; Tax increases; Tax rates; Tax revenues

The objective of this article is to contribute to the deepening of knowledge on the theoretical foundations of formalization, based on a literature review in order to identify the paths of formalization. The present analysis shows that working in the informal sector is a rationally motivated decisio...