SME´s semi-formality rate in Costa Rica: a clusters approach

The MSME Observatory has been studying MSMEs in Costa Rica. Its findings show that for every formal enterprise, there are 2.4 semi-formal ones. The latter refers to those enterprises that have already started the formalization process with the corresponding municipality but that still do not have all the formalization requirements.Owing to the importance of the semi-formal sector in the economic activity of Costa Rica, this study analyzed this...