...Martin Eloundou Ndzana; Paulin Gregory Mvogo Purpose Recent work in the economics of innovation in developing countries increasingly considers the formality of business as a determining factor of economic development. However, current knowledge on how formality determines both innovation...

... through a multiple regression analysis. Findings This paper demonstrates that, in Bogota's SMEs, modifications in differentiation and formalization explain convergent change, and that centralization does not affect it. Furthermore, the authors find that the company's size explains these relationships...

... to formalisation. The aim is to make informal activities part of a developing formal economy, offering better jobs, increasing productivity and eventually leading to economic growth. It is also essential to explore the most important reasons why the rate of transition from informality towards formalisation is low...