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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.

Money and Monetary Policy --- International Economics --- Labor --- Production and Operations Management --- Macroeconomics --- Monetary Policy --- International Agreements and Observance --- International Organizations --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Informal Economy --- Underground Econom --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- Informal Labor Markets --- Labor Economics: General --- Monetary economics --- International institutions --- Labour --- income economics --- Economics of specific sectors --- Monetary policy --- International organization --- Total factor productivity --- Informal employment --- Informal economy --- Economic sectors --- International agencies --- Economic theory --- Industrial productivity --- Labor economics --- Informal sector --- Economics --- Madagascar, Republic of