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The main currents (schools) of thought about the informal economy

Author

Listed:
  • Cristian MARINESCU

    (Romanian Court of Accounts)

  • Ileana VALIMĂREANU (MIRCIOI)

    (Bucharest University of Economic Studies)

Abstract

Starting from the various interpretations of the concept of informality, which can be associated with both negative aspects (underground economy, tax evasion, undeclared work, lack of productivity, lack of social protection, unfair competition) and positive aspects (a source for the poor, who have no alternative), this paper aims to review the main conceptual debates over the term informality, opinions that can be synthesized in four currents or schools of thought, respectively: The dualist school, Structuralist School, Legalistic School and Voluntaristic School.

Suggested Citation

  • Cristian MARINESCU & Ileana VALIMĂREANU (MIRCIOI), 2019. "The main currents (schools) of thought about the informal economy," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(3), pages 312-316, July.
    • Handle: RePEc:rom:rmcimn:v:20:y:2019:i:3:p:312-316
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    References listed on IDEAS

    as
    1. Cristian MARINESCU & Ileana VALIMĂREANU (MIRCIOI), 2018. "Methodological and Theoretical Considerations regarding Informality on the Labor Market," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 19(1), pages 54-64, March.
    2. Kanbur, Ravi, 2009. "Conceptualising Informality: Regulation and Enforcement," IZA Discussion Papers 4186, Institute of Labor Economics (IZA).
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    More about this item

    Keywords

    the informal economy; fiscal system.;

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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