摘要：In recent years, and most notably after the publication of the seminal paper by Webb et al. (2009), scholars in the field of entrepreneurship have begun to pay closer attention to informal entrepreneurship and the importance of informal rules as one relevant explanation for its wide prevalence, predominantly in developing countries. According to Webb et al. (2009) societies are constituted of groups that normally differ regarding what is socially acceptable, and these differences are due to the norms, values, and beliefs which prevail in each society (Dowling Scott, 2013). These asymmetries can lead to generating a gap between what some groups in society understand as legal and what others consider as legitimate (Webb et al., 2009). According to Webb et al (2013) "The informal economy is concerned with economic activities that are outside of formal institutional boundaries (i.e., illegal) yet fall within informal institutional boundaries (i.e., legitimate)." This means that while formal rules such as tax, labor or environmental regulation penalize informality, other informal rules such as social acceptance of the informal economy by large groups of the society legitimize their presence and facilitate their development.
关键词：Informal Entrepreneurship;Tax Morale;Institutions;Social Capital;Latin America;Panel Data
