Informal sector in economic development: an analytical foundation
- Cham Palgrave Macmillan 2024
- xv, 106 p.
Table of content: Front Matter Pages i-xv Download chapter PDF Introduction Prabir Bhattacharya Pages 1-6 A Model of Development: The Static Analysis Prabir Bhattacharya Pages 7-41 A Model of Development: The Dynamic Analysis Prabir Bhattacharya Pages 43-63 A Model of Optimal Development Prabir Bhattacharya Pages 65-85 A Concluding Note Prabir Bhattacharya Pages 87-88 Back Matter Pages 89-106 [https://link.springer.com/book/10.1007/978-3-031-60243-6]
This book bridges the gap between theoretical and empirical understandings of the informal sector to provide insight into the role of the informal sector within the development process. By analysing three economic sectors, it sets out a framework for analysing urbanisation, rural-urban migration, agriculture- industry relationship, income inequality, structural change, employment, and optimal growth. Through highlighting the economic contribution of the informal sector, its impact on the national output and influence on the labour market is shown, alongside how employment opportunities in the informal sector drive rural and urban migration.
This book presents a nuanced understanding of the dynamics of the informal sector and its role in the development of economies. It will be of interest to researchers and policymakers working within development economics and growth economics.