In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts imply that economies differ with respect to their growth rates on the transition path (local indeterminacy) as well as their long-run growth rates (global indeterminacy). While the...

This thesis aims to narrow the research gap on informal enterprises, contributing to both the academic and policy debates. It provides empirical evidence related to two key questions: how much potential do informal firms have to contribute to economic growth, and employment creation? And, if...