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Characteristics of Informal Economy and Competitiveness in Transition to Market Economy

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  • Evgenia Vassileva

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.

Suggested Citation

  • Evgenia Vassileva, 2007. "Characteristics of Informal Economy and Competitiveness in Transition to Market Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 126-152.
  • Handle: RePEc:bas:econst:y:2007:i:4:p:126-152
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    References listed on IDEAS

    as
    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. Gros, Daniel & Suhrcke, Marc, 2000. "Ten years after : what is special about transition countries?," HWWA Discussion Papers 86, Hamburg Institute of International Economics (HWWA).
    3. 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).
    4. 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.
    5. repec:hrv:faseco:30728045 is not listed on IDEAS
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    More about this item

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General

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