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Characteristics of Informal Economy and Competitiveness in Transition to Market Economy

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  • Evgenia Vassileva
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    Abstract

    The article examines the specific conditions and characteristics, which underlie the development of the informal economy and competitiveness and their interrelation in transition economies. A system of competitiveness indicators has been defined, which were subsequently, taking into account the impact of the informal economy. The applied indicators enable the investigation of the determinants of competitiveness. The applied indicators were designed to reflect the specificities. transition countries. The analysis of these indicators reveals the specific characteristics of the informal economy and competitiveness in transition economies.

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    Bibliographic Info

    Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

    Volume (Year): (2007)
    Issue (Month): 4 ()
    Pages: 126-152

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    Handle: RePEc:bas:econst:y:2007:i:4:p:126-152

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    1. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 159-240.
    2. Eilat, Yair & Zinnes, Clifford, 2002. "The Shadow Economy in Transition Countries: Friend or Foe? A Policy Perspective," World Development, Elsevier, vol. 30(7), pages 1233-1254, July.
    3. Daniel Gros & Marc Suhrcke, 2000. "Ten Years After: What is Special about Transition Countries?," CESifo Working Paper Series 327, CESifo Group Munich.
    4. Schneider, Friedrich, 2004. "The Size of the Shadow Economies of 145 Countries all over the World: First Results over the Period 1999 to 2003," IZA Discussion Papers 1431, Institute for the Study of Labor (IZA).
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