In this paper, we present a theoretical framework of an economy which has an informal sector. The differences between the formal and the informal sector together with their linkages form the basis of our analysis. We show that the informal sector can expand in terms of output and employment even when the formal sector contracts.
CITATION STYLE
Datta Chaudhuri, T. (1989). A Theoretical Analysis of the Informal Sector. World Development (Vol. 17, pp. 351–355). Retrieved from https://ac-els-cdn-com.ez.sun.ac.za/0305750X89902088/1-s2.0-0305750X89902088-main.pdf?_tid=25e34b34-91f5-4f92-b97b-d68b186e86f3&acdnat=1550929869_83bdc20c88795cfe933a4ffd78b28447
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