The Informal Economy and Business Cycles

Ferreira-Tiryaki, Gisele

doi:10.1080/15140326.2008.12040500

Cited by 37 publications

(20 citation statements)

References 30 publications

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“…Even though the model understates the volatility of consumption, the computational experiments corroborate the existence of a positive connection between the size of the underground sector and the (relative) standard deviations of output and its private components. These findings support Ferreira-Tiryaki's (2008) and Restrepo Echavarría's (2008) results. Also, the experiments validate the uncorrelatedness of irregular activities with the comovements of consumption and investment found by Granda-Carvajal (2010).…”

Section: Concluding Notessupporting

confidence: 88%

Macroeconomic Implications of the Underground Sector: Challenging the Double Business Cycle Approach

Carvajal

2012

Economic Analysis and Policy

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Within the literature on business cycles featuring shadow economic activities, there is an approach based on the arguable premise that fluctuations in the official and unofficial sectors are negatively correlated. The present paper develops a real business cycle model that does not impose such an assumption. To do so, preferences are characterized so that regular and irregular labor are additively separable. Furthermore, leisure time is spent on both irregular work effort and non-market activities. Simulations are conducted to examine the performance of the model economy and to compare the resulting cyclical features with related empirical findings. In addition, computational experiments allow to analyze the effects of different tax structures, enforcement rates and tastes for irregular labor on the volatility and comovements of aggregate variables. These simulations and experiments overall offer a more comprehensive view of the cyclical implications of the shadow economy.

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Section: Concluding Notessupporting

confidence: 88%

Macroeconomic Implications of the Underground Sector: Challenging the Double Business Cycle Approach

Carvajal

2012

Economic Analysis and Policy

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“…Recently, Ferreira-Tiryaki (2008) found greater top marginal tax rates are associated with the smaller informal sector. According to Ferreira-Tiryaki (2008), this result is only justified when higher tax rates allow for the government to provide a greater amount of public goods and thus generate an incentive for the workers to remain in the formal economy.…”

Section: The Empirical Evidencementioning

confidence: 88%

Institutions and human development in the Latin American informal economy

Dell’Anno

2009

Const Polit Econ

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“…; Robinson and Humphrey ). Given the ease of access of small scale farmers and traders (vendors) to these markets, they are considered as an important means of survival for traders on one hand, and a main source of food supply to consumers in both urban and rural areas on the other, especially low‐income consumers (Ferreira‐Tiryaki ; Resnick ; Roesel and Grace, ). This implies that informal markets have an important role to play in food security in the region.…”

Section: The Nature Of Informal Marketsmentioning

confidence: 99%

Are maize marketers averse to quality loss in supplies? A case study from Ghana

Bassey

Kuhn

Storm

2018

Agricultural Economics

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To ensure sustainable post-harvest loss reduction, markets that are averse to quality loss and provide incentives for farmers to supply high quality produce are crucial. Such markets will be averse to quality loss, offering distinct prices and substantial rewards to farmers for the supply of quality produce. Farmers in sub-Saharan Africa (SSA), where informal markets exist, have often assessed the rewards for the supply of quality produce as inadequate. Hence, this study investigates if intermediary buyers are actually indifferent to quality loss in supplies based on two scenarios-the informal market scenario and a hypothesized grade scenario. The analysis builds on survey data from marketers in two informal maize markets in Ghana. For the hypothesized grade scenario, random effect regression was used to examine the influence of marketer-specific characteristics on premiums offered to farmers over different quality levels. The findings suggest that although informal markets seem not to adequately value loss reduction, investing in institutional infrastructures, such as grades and standards can change this. Furthermore, interaction among marketers and association participation positively influences the value marketers place on quality loss reduction. The result highlights the importance of standard grading systems and collaborating with market groups in minimizing quality loss.JEL classifications: D81, L15, Q13

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The Informal Economy and Business Cycles

Cited by 37 publications

References 30 publications

Macroeconomic Implications of the Underground Sector: Challenging the Double Business Cycle Approach

Macroeconomic Implications of the Underground Sector: Challenging the Double Business Cycle Approach

Institutions and human development in the Latin American informal economy

Are maize marketers averse to quality loss in supplies? A case study from Ghana

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