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The Informal Economy, Its Dimensions, and Effects in the Republic of North Macedonia

In: Economic Recovery, Consolidation, and Sustainable Growth

Author

Listed:
  • Shpresa Alija

    (South East European University)

  • Semina Asani

    (South East European University)

  • Elmi Aziri

    (South East European University)

Abstract

This paper combines the theoretical analysis of the informal economy, the current situation in the North Macedonia on the scale of the informal economy and informal employment, then wages in hand, cash in the market as well as other common forms of the informal economy. Then, with the empirical analysis, this research provides a real insight into the impact of the informal economy on the economic development of the country by bringing out the statistical correlation of the informal economy (informal economy rate and informal employment) with macroeconomic parameters (GDP, inflation, employment, unemployment, and productivity), with the socio-economic corruption phenomena in the Republic of North Macedonia (theft in the public sector, corrupt exchanges, public bribery, corruption index, and corruption control).

Suggested Citation

  • Shpresa Alija & Semina Asani & Elmi Aziri, 2023. "The Informal Economy, Its Dimensions, and Effects in the Republic of North Macedonia," Springer Proceedings in Business and Economics, in: Abdylmenaf Bexheti & Hyrije Abazi-Alili & Léo-Paul Dana & Veland Ramadani & Andrea Caputo (ed.), Economic Recovery, Consolidation, and Sustainable Growth, pages 305-315, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-42511-0_19
    DOI: 10.1007/978-3-031-42511-0_19
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