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Informality and Growth in Madagascar: Republic of Madagascar
Author:
Ghislain Afavi
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,
Coffi Agossou
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Mokhtar Benlamine https://isni.org/isni/0000000404811396 International Monetary Fund

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,
Ialy Rasoamanana
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Nombàna Razafinisoa
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Ms. Veronique Salins
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 036
Language:
English
Publication Date:
05 Jun 2023
DOI:
https://doi.org/10.5089/9798400244827.018
ISBN:
9798400244827
ISSN:
2958-7875
Pages:
17
Keywords:
Madagascar; Informal sector; informality and growth; total factor productivity; social security; tax system; sector TFP; growth in Madagascar; production unit; copyright page; physical capital; Informal employment; Employment; Informal economy; Sub-Saharan Africa
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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This chapter investigates the link between informality and growth in Madagascar and aims for a better understanding of the informal sector. It provides an analysis of the characteristics of informal production units and informal employment. Findings suggest that informality is a key feature of economic activity in Madagascar, and that informal production units are the main driver of employment with a deep concentration around self-employment. Overall, informality is associated with a lack of awareness of administrative procedures and the complexity and cost of tax and regulatory measures. The informal sector’s Total Factor Productivity (TFP) growth is more stable and higher on average than the formal sector TFP.

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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund