Purchasing from Informal Markets: Evidence from Serbia
AbstractThis paper exploits a relatively unique survey conducted in Serbia in late 2000 to examine the determinants of expenditures on goods and services provided through informal outlets. The research reported in this paper adds to a relatively small existing literature on the topic. The empirical analysis is tentatively situated within the context of an Engel curve approach and the influence of informal ‘networks’ on purchasing behaviour is assessed. Our empirical analysis suggests that the share of purchases from informal markets is inversely related to income and there is a strong role for ‘network’ effects.
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Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Applied Economics Quarterly.
Volume (Year): 52 (2006)
Issue (Month): 3 ()
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Web page: http://www.duncker-humblot.de
Find related papers by JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
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- Thiele, Rainer & Böhme, Marcus, 2011.
"Is the Informal Sector Constrained from the Demand Side? Evidence for Six West African Capitals,"
Open Access Publications from Kiel Institute for the World Economy
48307, Kiel Institute for the World Economy (IfW).
- Böhme, Marcus & Thiele, Rainer, 2012. "Is the Informal Sector Constrained from the Demand Side? Evidence for Six West African Capitals," World Development, Elsevier, vol. 40(7), pages 1369-1381.
- Thiele, Rainer & Böhme, Marcus, 2011. "Is the Informal Sector Constrained from the Demand Side? Evidence for Six West African Capitals," Proceedings of the German Development Economics Conference, Berlin 2011 76, Verein für Socialpolitik, Research Committee Development Economics.
- Marcus Böhme & Rainer Thiele, 2011. "Is the Informal Sector Constrained from the Demand Side? Evidence for Six West African Capitals," Kiel Working Papers 1683, Kiel Institute for the World Economy.
- Casola, Luca & Kemp, Simon & Mackenzie, Alexander, 2009. "Consumer decisions in the black market for stolen or counterfeit goods," Journal of Economic Psychology, Elsevier, vol. 30(2), pages 162-171, April.
- Marcus Böhme, Rainer Thiele, 2012. "Informal-formal Linkages and Informal Enterprise Performance in Urban West Africa," Kiel Working Papers 1751, Kiel Institute for the World Economy.
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