MODELING THE INFORMAL ECONOMY: A REVIEW

Teodora Mihăilă
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Teodora Mihăilă: National Institute of Economic Research ”Costin C. Kirițescu”, Romanian Academy

Studii Financiare (Financial Studies), 2015, vol. 19, issue 4, 93-103

Abstract: Informal economic elements are present worldwide and especially in emerging countries. Such elements are found in a wide range of economic aspects and seem to be immune to various policies aiming to contain and remove them. Quantifying the dynamics of informal economy is a complex endeavor. Despite this fact, the empirical literature dedicated to informal economic aspects has expanded during the last decades aiming to clarify the drivers and the dimensions of these phenomena. This paper follows the main contributions brought to the field in order to observe the evolution of the modeling tools devised to investigate, characterize and measure informal economy.

Keywords: informal economy; econometric modeling; estimation (search for similar items in EconPapers)
JEL-codes: C01 C13 E26 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:19:y:2015:i:4:p:93-103

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