CONSIDERATIONS ON THE DISTRIBUTION OF INFORMAL ECONOMY IN THE EUROPEAN UNION

Teodora Mihăilă
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Teodora Mihăilă: National Institute of Economic Research, Romanian Academy

Studii Financiare (Financial Studies), 2016, vol. 20, issue 2, 25-34

Abstract: Informal economy is a ubiquitous element in both developed and emerging states. Given the complex nature of the concept and the multitude of forms in which it can be found, modeling informal economy became an important focus in the specific scientific literature. This paper aims to advance a graphical representation of the correlation between income per capita and informal economic in Europe. Building on this analysis, the paper brings forth a model that simulates the variation of informal economy as a function of the dynamics of GDP per capita.

Keywords: Informal Economy; Economic Growth; Spatial Distribution (search for similar items in EconPapers)
JEL-codes: E26 (search for similar items in EconPapers)
Date: 2016
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