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Some theoretical problems of informal economy


  • Brunilda Muca

    () (Economy and Agribusiness Faculty/Agricultural University of Tirana, Agribusiness Management Department, Albania)

  • Galantina Doraci

    () (Economy and Agribusiness Faculty/Agricultural University of Tirana, Agribusiness Management Department, Albania)


The concept of informality started to materialize back in the early 1970s. Though it was a foreign notion for many, it still continues to develop nowadays. The debate over informal economy still persists, many believe that informality is linked to poorer countries and economies, and that it would terminate once they reached decent economic development. But, the evolution of informality theory over the last four decades showcased that it cannot be considered as a temporary phenomenon. Recent developments showed that informal economy has the potential to create jobs and produce revenues, therefore a primary challenge remains development of innovative development policies, and it finds the right support to integrate it in the formal economy. This paper engages in treatment of theoretical problems of informality, focusing on conceptual framework of informal economy.

Suggested Citation

  • Brunilda Muca & Galantina Doraci, 2014. "Some theoretical problems of informal economy," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 8(2), pages 108-115, June.
  • Handle: RePEc:rse:wpaper:v:8:y:2014:i:2:p:108-115

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    References listed on IDEAS

    1. Vanessa M Strike & Jijun Gao & Pratima Bansal, 2006. "Being good while being bad: social responsibility and the international diversification of US firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(6), pages 850-862, November.
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    3. Adriana AnaMaria Davidescu & Andreea Maria Vass Paul & Rodica-Manuela Gogonea & Marian Zaharia, 2015. "Evaluating Romanian Eco-Innovation Performances in European Context," Sustainability, MDPI, Open Access Journal, vol. 7(9), pages 1-35, September.
    4. Hoon Park & Clifford Russell & Junsoo Lee, 2007. "National culture and environmental sustainability: A cross-national analysis," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 31(1), pages 104-121, March.
    5. Gallego-Álvarez, Prof. Isabel & Ortas, Prof. Eduardo, 2017. "Corporate environmental sustainability reporting in the context of national cultures: A quantile regression approach," International Business Review, Elsevier, vol. 26(2), pages 337-353.
    6. Naz Onel & Avinandan Mukherjee, 2014. "The effects of national culture and human development on environmental health," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 16(1), pages 79-101, February.
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    More about this item


    informality; non-official economy; conceptual framework;

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification


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