Governments and policymakers promote formalization through various interventions ranging
from simplifying registration procedures to increasing law enforcement. Despite these efforts …

This study investigates the motivating factors behind the formalization of small informal
enterprises in Bangladesh, an emerging economy, employing the lens of institutional theory …

Using a unique panel survey of enterprises, we examine the relationship between four
categories of formalization and firm productivity. We carry out one-and two-step productivity …

We investigate the welfare effects of unemployment benefits (UBs) in the context of high
informality, analyzing matched administrative and survey data with detailed information on …

Purpose This study aims to investigate the factors that affect the likelihood of formalizing
informal sector activities in 13 Sub-Saharan African countries, using World Bank enterprise …

This paper assesses the extent to which financial development and informality are related,
and how this relation translates into differences in GDP and TFP across countries. To this …

Labor earnings are the dominant income source for most individuals. Thus, an inclusive
labor market is key for ensuring inclusive growth. In this paper we propose four principles …

Purpose The formalization of a company is a process that requires compliance with
standards established by government institutions. In developing countries, many businesses …

The purpose of this study is to assess the possible contribution of formalizing small-scale
women entrepreneurs' food processing enterprises in northern Ethiopia to their …

Micro, small, and medium enterprises (MSMEs) play a significant role in creating
approximately 90% of businesses worldwide. Indonesia has also been dependent on the …