DEFINING AND ESTIMATING UNDERGROUND AND INFORMAL ECONOMIES: THE NEW INSTITIONAL ECONOMICS APPROACH

A taxonomy of underground economies is elaborated based on the new institutional approach to economic development. Members of formal sectors confront different sets of transformation and transaction costs than do members of informal sectors and these differences are regarded as crucial to the develo...

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Bibliographic Details
Main Author: Edgar L. Feige (Author)
Format: Electronic Book
Language:English
Online Access: Volltext (kostenfrei)
Check availability: HBZ Gateway
Keywords:
Research