The importance of the business environment for the informal economy: Evidence from the Doing Business ranking

Estevão, João; Lopes, José Dias; Penela, Daniela

doi:10.1016/j.techfore.2021.121288

Cited by 27 publications

(15 citation statements)

References 50 publications

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“…The opportunity to reconsider the business plan, the declaration of the tax procedures, and access to basic capital have worked behind the improvement by this study. Estevao et al (2022) have demonstrated several possible alternatives for reducing informality in the African context that are linked to market efficiency, improved access to credit, tax system, and investor protection. Taking into note the transient nature of business in the informal sector Akintimehin et al (2019) showed that social capital had a significant effect on business performance.…”

Section: Informal Sector and The Economymentioning

confidence: 99%

“…Thus, it limits public sector resources from playing a complementary role to private investment through infrastructure development and improvement in the business environment (Misati, 2010). Economies with high informality face difficulties accessing credit, providing poor protection of investors and running with ineffective tax and licensing systems, which increases the risk of collapse of the formal sector (Estevao et al, 2022). Moreover, precarious work conditions are visible in informal enterprises where workers are deprived of their rights along with increased risk of abuse and job uncertainty (Estevao et al, 2022;Dell'Anno, 2018).…”

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confidence: 99%

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The effect of the informal sector on sustainable development: Evidence from developing countries

2022

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This study aims to explore the impact of the informal sector on the sustainability of development. A large panel data set of 50 developing countries that spans over 2010-2019 has been utilized to this end while the informal sector is evaluated in terms of working poverty. Selecting indicators from three dimensions of sustainability, that is, economy, society, and environment, this study has constructed three indices and combines those to construct a symptomatic composite index of sustainability. Both the short run and long run panel data models have been applied to empirically investigate the impact of informal economic activities on the sustainability of development. Economic growth, national expenditure, and economic freedom of countries are used as control variables in the models and the estimated outcomes are found to be robust in empirical investigations. The outcomes of the study imply that the informal sector plays a detrimental role in the sustainable development of developing countries while economic growth and economic freedom contribute positively. Therefore, the prescribed strategy is to reduce informality from business and other economic activities that limit the scope of the economies and to understand the domain through which interventions can be made to move to a more formal economy. Integration of informal business and SMEs into the formal sector and firm-level awareness building in Corporate Social Responsibility can also be suggested to find a path towards sustainable development in addition to increased economic growth and enhanced economic opportunities of the developing countries.

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Section: Informal Sector and The Economymentioning

confidence: 99%

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confidence: 99%

The effect of the informal sector on sustainable development: Evidence from developing countries

2022

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“…The informal economy has the significant impact on development efforts and has therefore become central issue for economic and social development (Elbahnasawy, 2021). The majority of the world's economy is made up of "subsistence economies," where many "subsistence entrepreneurs" are struggling to make a living, and SMEs which are typically poorly managed, ineffective, undercapitalized and transient enterprises (Eijdenberg et al, 2019;Estevão et al, 2022). The informal economy now employs over half of the world's workforce and up to 90% of workforce in some of poorest developing nations.…”

Section: Literature Reviewmentioning

confidence: 99%

Contribution of Street Hawkers Toward Economy and Problems Faced by Them During Street Vending

Dharejo

Mahesar

Jhatial

2022

GUJR

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The informal economy in Pakistan is a part that has been mostly overlooked by researchers, although it is important part of everyday life in provinces like Sindh, Pakistan. This paper seeks to examine how the street entrepreneurs contribute to the economy of country and what type of challenges they face during street vending. By reviewing the extant literature, it appears that there is an acute shortage of empirical evidence on street hawkers in Pakistan, especially in Sindh province. This paper begins to fill this gap by analyzing hawkers' contributions, and the problems they are facing. The qualitative method was followed in this research, study seeks to determine the contribution of street hawkers as well as the issues that street vendors face during vending or conduct their business. There are many hawkers in the heart province of Sindh, hence the researchers used a convenient sampling method to select 30 respondents for the interview, the thematic analysis method was used to analyze data. The study's findings may have a positive impact on street vendors, and the challenges associated with street vending may be reduced.

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“…Roham et al (2009) developed a new systematic method employing fuzzy set theory to generate composite indicators of DB environment for assessment and classification problems. Estevo et al (2022) assessed the relationship between the variables related to the business environment and informality. Khazaei and Azizi (2020) found a positive correlation between business environment indicators and corporate financial performance.…”

Section: Introductionmentioning

confidence: 99%

Comprehensive evaluation and spatial-temporal differences analysis of China’s inter-provincial doing business environment based on Entropy-CoCoSo method

Zhu

Zeng

Lin

et al. 2023

Front. Environ. Sci.

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Introduction: The Doing Business environment affects the operation of enterprises in the region and exerts an important impact on economic development, taxation, and employment.Methods: According to the characteristics of large differences in the level of economic development between provinces in China, this study builds a set of scientific and reasonable evaluation index systems of inter-provincial Doing Business environment, including five first-level indicators and 11 second-level indicators. Moreover, this study constructs a comprehensive evaluation model based on the Entropy-CoCoSo framework and explores its application in China’s inter-provincial Doing Business environment evaluation.Results: Based on China’s provincial panel data from 2007 to 2020, the research found that the Doing Business environment of each province has generally improved in recent years, but the inter-provincial differences are more prominent. The western provinces have obvious late-mover advantages.Discussion: Finally, we put forward several targeted suggestions, providing a powerful reference for optimizing China’s Doing Business environment and promoting high-quality economic development.

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The importance of the business environment for the informal economy: Evidence from the Doing Business ranking

Cited by 27 publications

References 50 publications

The effect of the informal sector on sustainable development: Evidence from developing countries

The effect of the informal sector on sustainable development: Evidence from developing countries

Contribution of Street Hawkers Toward Economy and Problems Faced by Them During Street Vending

Comprehensive evaluation and spatial-temporal differences analysis of China’s inter-provincial doing business environment based on Entropy-CoCoSo method

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