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Some Aspects of the Behaviour of Informal Economy


  • Kamen Kamenov


The problems inherent to the informal economy are dealt and analysed by representatives of various institutions. They are focused by scientists, syndicate leaders, politicians and even by the actors therein. Due to the interrelation between the informal economy and the human factor behaviour an answer should be given to various issues concerning the formal facts and the informal truths about the personality, the motivations for involvement and the conditions, creating a suitable environment for the “gray” economy. The concept of the informal economy as a function of human factor behaviour enables the revelation of the importance of the system of values to motivate a specific conduct. The established link between the informal economy and various forms of behaviour and market discrepancies makes it possible to look for compatible methods and instruments to restrict it.

Suggested Citation

  • Kamen Kamenov, 2011. "Some Aspects of the Behaviour of Informal Economy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-23.
  • Handle: RePEc:bas:econth:y:2011:i:1:p:3-23

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    Cited by:

    1. Sierminska, Eva & Piazzalunga, Daniela & Grabka, Markus M., 2018. "Transitioning towards more equality? Wealth gender differences and the changing role of explanatory factors over time," GLO Discussion Paper Series 252, Global Labor Organization (GLO).
    2. -, 2016. "Final evaluation report. Review of the German Bilateral Technical Cooperation with the Economic Commission for Latin America and the Caribbean (ECLAC)," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 40111, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Kumar, Pradeep & Kant, Shashi, 2016. "Revealed social preferences and joint forest management outcomes," Forest Policy and Economics, Elsevier, vol. 72(C), pages 37-45.
    4. Ryota Nakamura & Marc Suhrcke & Daniel John Zizzo, 2017. "A triple test for behavioral economics models and public health policy," Theory and Decision, Springer, vol. 83(4), pages 513-533, December.
    5. Chatterjee, Kiron & Sherwin, Henrietta & Jain, Juliet, 2013. "Triggers for changes in cycling: the role of life events and modifications to the external environment," Journal of Transport Geography, Elsevier, vol. 30(C), pages 183-193.
    6. Charles Anderton, 2015. "Genocide: Perspectives from the Social Sciences," Working Papers 1508, College of the Holy Cross, Department of Economics.

    More about this item

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General


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