Challenges in Transformation of Informal Business Sector towards Formal Business Sector in Nepal: Evidence from Descriptive Cross-Sectional Study
Dipak Bahadur Adhikari, Preeti Gupta, Niranjan Devkota, Udaya Raj Paudel, Seeprata Parajuli
Asian Journal of Agricultural Extension, Economics & Sociology · pp. 95–106 · Published 6 Apr 2021
10.9734/ajaees/2021/v39i230534Abstract
This study seeks to contribute to the empirical understanding to the transformation of informal business towards formal business in Nepal on the basis of cross-sectional data. This paper examines the preferences socio-economic and other social capital related to informal business. Various indicators were identified to understand and analyze readiness of various informal sectors from literature review of different theories. People with high level of education less prefer informal sector however, prime working age labor force were involved massively in informal sector. More than two-third respondents argued that situation is not manageable which means the informal economy is not transitional to formal economy. Majority of respondents believes that there are some administrative problems that could hinder the entrepreneurial potential and their creativity to flourish.
Cited by 11
Azuka Chinonso Success, Danjuma Sadiq Abubakar, Kanno Ruth Nkemjika · International Journal of Innovative Science and Research Technology (IJISRT) · 2024
Dipak Bahadur Adhikari, Bimal Shakya, Niranjan Devkota · Modern Economy · 2021
Rajiv Khanal · NPRC Journal of Multidisciplinary Research · 2025
Akash Pandey · World Sustainability Series · 2026
Showing 4 of 11 known citations — external sources report more than can currently be individually listed.
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