Drawing inspiration from institutional theory, a small sub-stream of literature has proposed that participation in the informal economy arises from the lack of alignment of a society's formal institutions (i.e. its codified laws and regulations) with its informal institutions (i.e. the norms,...

This paper evaluates critically whether the cross-national variations in the size of the informal economy are the result of: under-development (a modernisation perspective); high taxes, corruption and state interference (neo-liberal perspective), or inadequate state intervention to protect...

Undeclared work is socially accepted and widely practiced in Bulgaria, Croatia, and the FYR of Macedonia. More than 1 in 5 adults in these countries acknowledge that they have bought goods and services on the undeclared economy in the prior year. More than 1 in 12 report that they have...