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Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes (MIMIC) approach

Igudia, E., Ackrill, R., Coleman, S. and Dobson, C. (2015) Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes (MIMIC) approach. International Journal of Entrepreneurship and Small Business. 28(2/3), pp. 154-177. 1476-1297.

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7675:31980
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Igudia_etal_IJESB_2016_Determinants_of_the_informal_economy_of_an_emerging_economy_a_multiple_indicator_multiple_causes_MIMIC_approach
Igudia_etal_IJESB_2016_Determinants_of_the_informal_economy_of_an_emerging_economy_a_multiple_indicator_multiple_causes_MIMIC_approach.pdf - Accepted Version
Information
Abstract:
Positing the implementation of evidenced-based policies to manage the informal economy, our paper employs, in a novel way, the multiple-cause, multiple-indicator model and primary data, to identify the determinants of the Nigerian informal economy. Building on previous literature, relevant determinants of the informal economy were constructed from participants’ responses to questions designed to solicit such information. We found the factors responsible for the origin and expansion of the Nigerian informal economy to include: unemployment, a need to be autonomous/self-employed, corruption of government officials/agencies, participants’ desire to pay less tax, and participants’ need to survive. The greatest influence, in terms of magnitude and impacts, comes from the ‘participants’ need to survive’ factor, followed by corruption. Our policy recommendations follow these identified factors, and recognise the positive and important role played by the informal economy. Although country-specific, our findings/recommendations may be used to inform policy in other countries with similar economic structures as Nigeria.
Uncontrolled Keywords:
/dk/atira/pure/sustainabledevelopmentgoals/decent_work_and_economic_growth
Creators:
Igudia, E., Ackrill, R., Coleman, S. and Dobson, C.
Faculties, Divisions and Institutes:
Faculties > Faculty of Business & Law > Economics, Intl Relations & Development
Date:
16 July 2015
Date Type:
Acceptance
Page Range:
pp. 154-177
Journal or Publication Title:
International Journal of Entrepreneurship and Small Business
Volume:
28
Number:
2/3
Number of Pages:
23
Language:
English
DOI:
10.1504/IJESB.2016.076643
ISSN:
1476-1297
Status:
Published / Disseminated
Refereed:
Yes
Related URLs:
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