Informality and structural transformation

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dc.WoS.categoriesEconomicsen_US
dc.authorid0000-0003-4308-0138en_US
dc.contributor.authorAteşağaoğlu, Orhan Erem
dc.contributor.authorBayram, Deniz
dc.contributor.authorElgin, Ceyhun
dc.date.accessioned2020-11-16T08:53:23Z
dc.date.available2020-11-16T08:53:23Z
dc.date.issued2017-12
dc.description.abstractIn this paper, we investigate the evolution of the informal sector through structural transformation. We develop both a three-sector and a five-sector dynamic general equilibrium (DGE) model, which can simultaneously account for structural transformation between agriculture, industry and services, and between the informal and formal sectors. First, we incorporate the informal sector into an otherwise two-sector (agriculture and non agriculture) DGE model. Then, we augment this model and build a five-sector DGE model extending the non-agricultural sector into industry and services, to separately account for the evolution of informality in these two sectors. The calibrated model performs remarkably well in accounting for the evolution of the sectoral employment shares and the size of the informal sector. Finally, we use panel data econometric tools to investigate the empirical relationship between structural transformation and the informal sector and find a strong negative relationship between the size of non-agricultural sector and informality.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1016/j.cbrev.2017.11.002
dc.identifier.scopus2-s2.0-85064525517en_US
dc.identifier.trdizinid271899en_US
dc.identifier.urihttps://hdl.handle.net/11411/2651
dc.identifier.urihttps://doi.org/10.1016/j.cbrev.2017.11.002
dc.identifier.urihttps://search.trdizin.gov.tr/yayin/detay/271899en_US
dc.identifier.wosWOS:000437222900001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.issue4en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors3en_US
dc.pages117 - 126en_US
dc.publisherCENTRAL BANK REPUBLIC TURKEYen_US
dc.relation.ispartofCENTRAL BANK REVIEWen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInformalityen_US
dc.subjectStructural transformationen_US
dc.subjectDGE modelsen_US
dc.subjectPanel dataen_US
dc.titleInformality and structural transformation
dc.typeArticle
dc.volume17en_US

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