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Explaining Participation in the Informal Economy in Post-Socialist Societies: A Study of the Asymmetry between Formal and Informal Institutions in Croatia

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  • Colin C. Williams
  • Josip Franic

Abstract

This paper proposes a new way of explaining the informal economy in post-socialist societies. Drawing upon evidence from 1,000 face-to-face interviews conducted in Croatia during 2013, and using stepwise Tobit regression analysis, the finding is that after controlling for other explanatory variables, participation in the informal economy results from the asymmetry between the norms, values and beliefs of citizens (informal institutions) and the codified laws and regulations (formal institutions). Reducing such institutional asymmetry is thus required if the informal economy is to be tackled. How this can be achieved in post-socialist societies is then discussed.

Suggested Citation

  • Colin C. Williams & Josip Franic, 2016. "Explaining Participation in the Informal Economy in Post-Socialist Societies: A Study of the Asymmetry between Formal and Informal Institutions in Croatia," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 24(1), pages 51-65, January.
    • Handle: RePEc:taf:cdebxx:v:24:y:2016:i:1:p:51-65
    DOI: 10.1080/0965156X.2015.1118817
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    Cited by:

    1. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    2. Colin C. Williams & Ioana A. Horodnic, 2016. "Evaluating the multifarious motives for acquiring goods and services from the informal sector in Central and Eastern Europe," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 24(3), pages 321-338, September.
    3. Abel Polese & Gian Marco Moisé & Olha Lysa & Tanel Kerikmäe & Arnis Sauka & Oleksandra Seliverstova, 2022. "Presenting the results of the shadow economy survey in Ukraine while reflecting on the future(s) of informality studies," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 30(1), pages 101-123, January.

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