Informal Sector
Encyclopedia of Law and Economics, Springer International Publishing Ag, ss.1130-1139, 2019
- Yayın Türü: Kitapta Bölüm / Araştırma Kitabı
- Basım Tarihi: 2019
- Doi Numarası: 10.1007/978-1-4614-7753-2_251
- Yayınevi: Springer International Publishing Ag
- Sayfa Sayıları: ss.1130-1139
- Boğaziçi Üniversitesi Adresli: Evet
Özet
I review and discuss definitions of informal sector introduced by social scientists over the last half century. I describe how informal institutions, informal markets, and their participants’ activities form together the informal sector. I provide insight into the difficulties in defining informal sector from a judicial point of view. I discuss causes and consequences as well as economic costs and benefits of the informal sector. Finally, I provide a brief analysis of the existing econometrics methods in measuring its size.