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Some Aspects of the Behaviour of Informal Economy

Kamen Kamenov

Economic Thought journal, 2011, issue 1, 3-23

Abstract: The problems inherent to the informal economy are dealt and analysed by representatives of various institutions. They are focused by scientists, syndicate leaders, politicians and even by the actors therein. Due to the interrelation between the informal economy and the human factor behaviour an answer should be given to various issues concerning the formal facts and the informal truths about the personality, the motivations for involvement and the conditions, creating a suitable environment for the “gray” economy. The concept of the informal economy as a function of human factor behaviour enables the revelation of the importance of the system of values to motivate a specific conduct. The established link between the informal economy and various forms of behaviour and market discrepancies makes it possible to look for compatible methods and instruments to restrict it.

JEL-codes: E26 L30 (search for similar items in EconPapers)
Date: 2011
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