Ceyhun Elgin

Structural Informality and Economic Dynamics: A Lotka‐Volterra Model of Formal‐Informal Sector Coevolution

ABSTRACT This paper develops a generalized Lotka‐Volterra framework for the coevolution of formal and informal economic activity, modeling both sectors as interacting populations whose growth depends on own and cross‐sector scale. Cross‐interaction parameter signs define four reg...