Evaluating The Relationship Between The Formal And Informal Economy In Ghana
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Author | : Franziska Ohnsorge |
Publisher | : World Bank Publications |
Total Pages | : 397 |
Release | : 2022-02-09 |
Genre | : Business & Economics |
ISBN | : 1464817545 |
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
Author | : Leandro Medina |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2017-07-10 |
Genre | : Business & Economics |
ISBN | : 1484309030 |
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.
Author | : |
Publisher | : |
Total Pages | : 205 |
Release | : 2013 |
Genre | : Economic development |
ISBN | : 9789221281702 |
This publication provides, for the first time, direct measures of informal employment inside and outside informal enterprises for 47 countries. It also presents statistics on the composition and contribution of the informal economy as well as on specific groups of urban informal workers.
Author | : Friedrich Schneider |
Publisher | : Cambridge University Press |
Total Pages | : 225 |
Release | : 2013-02-14 |
Genre | : Business & Economics |
ISBN | : 1107034841 |
This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.
Author | : Tony Avirgan |
Publisher | : |
Total Pages | : 524 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 144 |
Release | : 2002 |
Genre | : Economic development |
ISBN | : |
Describes the informal economy and highlights its decent work deficit. Proposes an integrated strategy to address underlying causes of informality and to promote decent work in all sectors of the economy, from formal to informal.
Author | : Sylvia Chant |
Publisher | : |
Total Pages | : 56 |
Release | : 2008 |
Genre | : |
ISBN | : 9789221206088 |
Reviews ILO research on women, gender and the informal economy. It compares and contrasts analytical and methodological frameworks used in various studies, identifies research gaps and directions for future research, and indicates key findings that may assist concerned ILO units in taking action and formulating policy directions.
Author | : Peter A. Hall |
Publisher | : Oxford University Press |
Total Pages | : 557 |
Release | : 2001 |
Genre | : Business & Economics |
ISBN | : 0199247749 |
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Author | : Guillermo Perry |
Publisher | : World Bank Publications |
Total Pages | : 270 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 0821370936 |
Analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. This book uses two distinct but complementary lenses. It concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy.
Author | : Christabel Dadzie |
Publisher | : World Bank Publications |
Total Pages | : 83 |
Release | : 2020-09-04 |
Genre | : Business & Economics |
ISBN | : 1464815798 |
Unemployment and underemployment are global development challenges. The situation in Ghana is no different. In 2016, it was projected that, given the country’s growing youth population, 300,000 new jobs would need to be created each year to absorb the increasing numbers of unemployed young people. Yet the employment structure of the Ghanaian economy has not changed much from several decades ago. Most jobs are low skill, requiring limited cognitive or technology know-how, reflected in low earnings and work of lower quality. An additional challenge for Ghana is the need to create access to an adequate number of high-quality, productive jobs. This report seeks to increase knowledge about Ghana’s job landscape and youth employment programs to assist policy makers and key stakeholders in identifying ways to improve the effectiveness of these programs and strengthen coordination among major stakeholders. Focused, strategic, short- to medium-term and long-term responses are required to address current unemployment and underemployment challenges. Effective coordination and synergies among youth employment programs are needed to avoid duplication of effort while the country’s economic structure transforms. Effective private sector participation in skills development and employment programs is recommended. The report posits interventions in five priority areas that are not new but could potentially make an impact through scaling up: (1) agriculture and agribusiness, (2) apprenticeship (skills training), (3) entrepreneurship, (4) high-yielding areas (renewable energy†“solar, construction, tourism, sports, and green jobs), and (5) preemployment support services. Finally, with the fast-changing nature of work due to technology and artificial intelligence, Ghana needs to develop an education and training system that is versatile and helps young people to adapt and thrive in the twenty-first century world of work.