Krafft, Caroline; Asʿad, Rāǧī; Rahman, Khandker Wahedur - 2020
jobs, and grow the economy. However, the costs and processes of formality may be too challenging for firms, particularly … the smallest firms, to bear. Thus, informal firms may not be able to survive the transition to formality and attempts to … expand formality may be harmful and counterproductive to job creation and growth. This paper investigates the potential for …
