Artikel

Exploring legal and political-institutional determinants of the informal economy of Pakistan

In this paper, the size of the informal economy of Pakistan is determined by including the legal and political-institutional variables as determinants. By using the MIMIC model average estimate for the informal economy of Pakistan is 37.75 percent from 1995 to 2017. The study tries to explore the institutional implications of the informal economy for policymakers to reduce and control the informal economy in the developing country. Empirical results show that the most significant legal variable is Law and Order and the most important political variable is Religion in Politics for measuring the informal economy. Departing from existing studies, institutional determinants are explored in detail because these different institutional determinants may affect the informal economy differently in developed, developing, and underdeveloped countries. The policy formation process can be more effective in developing countries like Pakistan with consideration of the most relevant institutional factors in estimation.

Sprache
Englisch

Erschienen in
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 8 ; Year: 2020 ; Issue: 1 ; Pages: 1-18 ; Abingdon: Taylor & Francis

Klassifikation
Wirtschaft
Informal Economy; Underground Economy
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Thema
informal economy
underground economy
formal and informal sectors
shadow economy
institutional arrangements
institutional quality
MIMIC model
Pakistan

Ereignis
Geistige Schöpfung
(wer)
Hayat, Rizwana
Rashid, Abdul
Ereignis
Veröffentlichung
(wer)
Taylor & Francis
(wo)
Abingdon
(wann)
2020

DOI
doi:10.1080/23322039.2020.1782075
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Hayat, Rizwana
  • Rashid, Abdul
  • Taylor & Francis

Entstanden

  • 2020

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