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Pro And Against Informal Economy

Author

Listed:
  • Lavinia Stan

    (Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

  • Florica Stefanescu

    (Doctoral School of Economics, Faculty of Economic Sciences, University of Oradea, Oradea, Romania)

Abstract

The informal economy is a reality that influences the lives of people directly at the planetary level.The term "informal economy" is used to include all workers and businesses in rural or urban areas working in the informal environment. It is emphasized that informal employees are not able to be recognized and defended by the legal regulations in force.The global changes in the field of information and communication technologies have generated increased labor market competitiveness. Under these circumstances, there has been a more flexible relationship between employees and employers. The main purpose of the article is to examine the pros and cons of the informal economy. Knowing these arguments can be a source of effective measures aimed at counteracting the negative effects that such activities may have.Simultaneously encompasses a theoretical approach to the informal economy, describing areas where it is highlighted, the factors that generate it, its dimensions, the theories put forward by the various economically-specific schools describing this concept, research methods.

Suggested Citation

  • Lavinia Stan & Florica Stefanescu, 2018. "Pro And Against Informal Economy," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(2), pages 78-85, September.
    • Handle: RePEc:ora:jrojbe:v:3:y:2018:i:2:p:78-85
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    References listed on IDEAS

    as
    1. Peter-Cookey, Mayowa Abiodun & Janyam, Kanda, 2017. "Reaping just what is sown: Low-skills and low-productivity of informal economy workers and the skill acquisition process in developing countries," International Journal of Educational Development, Elsevier, vol. 56(C), pages 11-27.
    2. Arias, Javier & Artuc, Erhan & Lederman, Daniel & Rojas, Diego, 2018. "Trade, informal employment and labor adjustment costs," Journal of Development Economics, Elsevier, vol. 133(C), pages 396-414.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Luis Felipe Fajardo Pineda & Andrés Fernando Pava Vargas, 2021. "La evaluación multicriterio en la ubicación de las ventas ambulantes en Tibasosa, Boyacá, Colombia," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 40(72), pages 151-179, July.

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    More about this item

    Keywords

    informal economy; informal workers; informal enterpises; formal economy.;
    All these keywords.

    JEL classification:

    • J46 - Labor and Demographic Economics - - Particular Labor Markets - - - Informal Labor Market
    • J80 - Labor and Demographic Economics - - Labor Standards - - - General

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