Informality effects in the economy of Albania in light of world s economic crisis
Recently, academicians and economists have expressed a great interest about the informal economy of Albania. This is mainly due to the size of informal economy in absolute and relative terms and to the emphasis economists have placed on the increasing evidence that the size of informal economy, calculated as a percentage of GDP has increased, and grown over the past two decades in many countries of the world. In light of the international economic crisis that was evidenced in 2008, the article will discuss problems of informality in economy as a condition for decreasing the dimensions of impact of the recent economic crises. Informality was and continues to be a concern to the economic circles regarding the theoretical definition, measuring its size and ways to reduce its dimensions. Informality in Albania, according to CIA World Factbook, may be as large as 50 per cent of the official GDP during 2007, 2008, 2009, 2010, and 2011. The aim of this paper focuses in the reduction of informal economy as an anti-crisis factor.
Volume (Year): 3 (2012)
Issue (Month): 1 (July)
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Friedrich Schneider & Dominik Enste, 1999.
"Shadow Economies Around the World - Size, Causes, and Consequences,"
CESifo Working Paper Series
196, CESifo Group Munich.
- Friedrich Schneider & Dominik Enste, 2000. "Shadow Economies Around the World; Size, Causes, and Consequences," IMF Working Papers 00/26, International Monetary Fund.
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