What is it about?
This paper shows quantifies the interaction between formal and informal sectors. We also present dynamic simulations to show the effect/contribution in terms of revised GDP per capita if the informal sector is accounted for in official statistics.
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Why is it important?
The informal economy is difficult to measure and has policy implications since it works in parallel to official sector but outside the legal umbrella.
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This page is a summary of: How Informal Sector Affects the Formal Economy in Pakistan? A Lesson for Developing Countries, South Asian Journal of Macroeconomics and Public Finance, January 2020, SAGE Publications,
DOI: 10.1177/2277978719898975.
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