The authors construct a novel and comprehensive dataset on informality, which allows them to unpack the complexity of the informal sector and its interaction with the formal sector. This timely book ...

The book’s compelling narrative shows that nations prosper ... Weak institutions and a large informal sector can interact in a vicious cycle to further undermine the quality of institutions that ...

elements of all three perspectives are found to be valid with larger informal economies associated with under-development, public sector corruption and over-regulation in some spheres (e.g., temporary ...