Measuring the Informal Economy in the Caucasus and Central Asia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484334485
Total Pages : 18 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Measuring the Informal Economy in the Caucasus and Central Asia by : Mr.Yasser Abdih

Download or read book Measuring the Informal Economy in the Caucasus and Central Asia written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2013-05-31 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional quality, and excessive regulation in financial and products markets are determinant factors in explaining the size of the informal economy, which ranges from 26 percent of GDP in Kyrgyz Republic to around 35 percent of GDP in Armenia. Furthermore, the results show that higher levels of informality increase the levels of self employment and the percentage of currency held outside the banking system.

Informal Markets and Trade in Central Asia and the Caucasus

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Author :
Publisher : Routledge
ISBN 13 : 1000594025
Total Pages : 195 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Informal Markets and Trade in Central Asia and the Caucasus by : Susanne Fehlings

Download or read book Informal Markets and Trade in Central Asia and the Caucasus written by Susanne Fehlings and published by Routledge. This book was released on 2022-04-11 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book introduces new research on informal markets and trade in Central Asia and the Caucasus. The research presented in this volume is based on recent field research in Armenia, Georgia, Kazakhstan and Kyrgyzstan, as well as Beijing, Guangzhou, Yiwu and the Xinjiang Uyghur Autonomous Region in China. The nine chapters in this book illustrate how informal markets and trade in Central Asia and the Caucasus have provided space for millions of people across the region to negotiate changes in state and society in the three decades since the breakup of the Soviet Union and the emergence of successor states. Collectively, the book suggests that informality should be seen as a normative order for polities in Central Asia and the Caucasus for three reasons: (1) The inability – or unwillingness – of the states to measure commercial transactions. (2) The highly personalized nature of small business operations that rest on networking and social relations, oral agreements and trust. (3) Markets and bazaars being embedded within states in which clientelism frequently thrives. This book is a significant new contribution to the study of trade and informal markets in Central Asia and the Caucasus, and will be a great resource for academics, researchers and advanced students of Sociology, History, Politics, Business, Economics, Social Anthropology and Geography. The chapters in this book were originally published as a special issue of the journal, Central Asian Survey.

Promoting Inclusive Growth in the Caucasus and Central Asia

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498313353
Total Pages : 57 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Promoting Inclusive Growth in the Caucasus and Central Asia by : Ms.Mercedes Vera-Martín

Download or read book Promoting Inclusive Growth in the Caucasus and Central Asia written by Ms.Mercedes Vera-Martín and published by International Monetary Fund. This book was released on 2019-05-16 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: CCA countries achieved gains in inclusiveness over the past 20 years as incomes increased and poverty, inequality, and unemployment declined. Most of the progress occurred before the 2008–09 global financial crisis. Since then, poverty rates have barely moved and, for oil importers, remain elevated.

Good Jobs for Inclusive Growth in Central Asia and the South Caucasus

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292615114
Total Pages : 191 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Good Jobs for Inclusive Growth in Central Asia and the South Caucasus by :

Download or read book Good Jobs for Inclusive Growth in Central Asia and the South Caucasus written by and published by Asian Development Bank. This book was released on 2019-02-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores prospects for inclusive growth in the Central Asia and the South Caucasus region and highlights the central role played by the creation of good jobs. The study reviews economic performance in the region and discusses prospects through 2030, introducing two growth scenarios related to the adoption of structural reforms for creating good jobs and inclusive growth. It also highlights the importance of adopting a full policy reform scenario.

The Informal Economy in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484309030
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Informal Economy in Sub-Saharan Africa by : Leandro Medina

Download or read book The Informal Economy in Sub-Saharan Africa written by Leandro Medina and published by International Monetary Fund. This book was released on 2017-07-10 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable. To address this issue, this paper applies for the first time the light intensity approach (instead of GDP). It also uses the Predictive Mean Matching (PMM) method to estimate the size of the informal economy for Sub-Saharan African countries over 24 years. Results suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very gradually declining. It also finds significant heterogeneity, with informality ranging from a low of 20 to 25 percent in Mauritius, South Africa and Namibia to a high of 50 to 65 percent in Benin, Tanzania and Nigeria.

Policy Solutions for Economic Growth in a Developing Country

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Author :
Publisher : Emerald Group Publishing
ISBN 13 : 1837534322
Total Pages : 210 pages
Book Rating : 4.8/5 (375 download)

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Book Synopsis Policy Solutions for Economic Growth in a Developing Country by : Nassir Ul Haq Wani

Download or read book Policy Solutions for Economic Growth in a Developing Country written by Nassir Ul Haq Wani and published by Emerald Group Publishing. This book was released on 2024-06-17 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perspectives on Afghanistan’s Trade and Development offers a rich and varied policy analysis for those who wish to design a policy to bolster exports from Afghanistan, and for academicians, researchers and students who wish to gain greater insight into this developing economy.

The Global Informal Workforce

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Publisher : International Monetary Fund
ISBN 13 : 1513575910
Total Pages : 414 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Global Informal Workforce by : International Monetary Fund

Download or read book The Global Informal Workforce written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-07-23 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.

Explaining the Shadow Economy in Europe: Size, Causes and Policy Options

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513523295
Total Pages : 29 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Explaining the Shadow Economy in Europe: Size, Causes and Policy Options by : Mr.Ben Kelmanson

Download or read book Explaining the Shadow Economy in Europe: Size, Causes and Policy Options written by Mr.Ben Kelmanson and published by International Monetary Fund. This book was released on 2019-12-13 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow economy size are regulatory quality, government effectiveness, and human capital. The paper argues that a comprehensive package of reforms, focused on country-specific drivers, is needed to successfully combat the shadow economy. The menu of policies most relevant for Europe’s emerging economies include: reducing regulatory and administrative burdens, promoting transparency and improving government effectiveness, as well as improving tax compliance, automating procedures, and promoting electronic payments.

Race to the Next Income Frontier

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484340590
Total Pages : 430 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Race to the Next Income Frontier by : Mr.Ali M. Mansoor

Download or read book Race to the Next Income Frontier written by Mr.Ali M. Mansoor and published by International Monetary Fund. This book was released on 2018-04-04 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic transformation and diversification require solutions that take account of the political economy of reform. This book explores the process of economic transformation, using Senegal as an example. Sound macroeconomic and fiscal policies are prerequisites for achieving this kind of transformation, but these policies need to include the appropriate industrial policies and good economic governance, which provide incentives to help small- and medium-sized enterprises emerge from the informal sector and for foreign direct investment to use the country as a platform for globally competitive production. In many low-income countries extensive rent seeking and patronage have generated stability at the expense of inclusive growth and held back development. Although policymakers know what is needed to address these problems and achieve economic transformation and diversification, how to do it remains a challenge. This book shows how the political economy of reform may be navigated to achieve transformation. For example, the use of special economic zones may solve the problem if good global governance is emphasized, along with linking the zones to the global economy.

Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484339177
Total Pages : 114 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Shadow Economies Around the World: What Did We Learn Over the Last 20 Years? by : Leandro Medina

Download or read book Shadow Economies Around the World: What Did We Learn Over the Last 20 Years? written by Leandro Medina and published by International Monetary Fund. This book was released on 2018-01-25 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: We undertake an extended discussion of the latest developments about the existing and new estimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. Strengths and weaknesses of these methods are assessed and a critical comparison and evaluation of the methods is carried out. The average size of the shadow economy of the 158 countries over 1991 to 2015 is 31.9 percent. The largest ones are Zimbabwe with 60.6 percent, and Bolivia with 62.3 percent of GDP. The lowest ones are Austria with 8.9 percent, and Switzerland with 7.2 percent. The new methods, especially the new macro method, Currency Demand Approach (CDA) and Multiple Indicators Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric standpoint, alongside some new micro estimates. These estimations come quite close to others used by statistical offices or based on surveys.

Post-socialist Informalities

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Author :
Publisher : Routledge
ISBN 13 : 1351585185
Total Pages : 352 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Post-socialist Informalities by : Abel Polese

Download or read book Post-socialist Informalities written by Abel Polese and published by Routledge. This book was released on 2018-10-19 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive collection of key scholarship on informality from the whole post-socialist region. From Bosnia to Central Asia, passing through Russia and Azerbaijan, the contributions to this volume illustrate the multi-faceted and complex nature of informality, while demonstrating the growing scholarly and policy debates that have developed around the understanding of informality. In contrast to approaches which tend to classify informality as ‘bad’ or ‘transitional’ – meaning that modernity will make it disappear – this edited volume concentrates on dynamics and mechanisms to understand and explain informality, while also debating its relationship with the market and society. The authors seek to explain informality beyond a mere monetaristic/economistic approach, rediscovering its interconnection with social phenomena to propose a more holistic interpretation of the meaning of informality and its influence in various spheres of life. They do this by exploring the evolving role of informal practices in the post-socialist region, and by focusing on informality as a social organisation determinant but also looking at the way it reshapes emergent social resistance against symbolic and real political order(s). This book was originally published as two special issues, of Caucasus Survey and the Journal of Contemporary Central and Eastern Europe.

Explaining the Shadow Economy in Europe: Size, Causes and Policy Options

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513520695
Total Pages : 29 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Explaining the Shadow Economy in Europe: Size, Causes and Policy Options by : Mr.Ben Kelmanson

Download or read book Explaining the Shadow Economy in Europe: Size, Causes and Policy Options written by Mr.Ben Kelmanson and published by International Monetary Fund. This book was released on 2019-12-13 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow economy size are regulatory quality, government effectiveness, and human capital. The paper argues that a comprehensive package of reforms, focused on country-specific drivers, is needed to successfully combat the shadow economy. The menu of policies most relevant for Europe’s emerging economies include: reducing regulatory and administrative burdens, promoting transparency and improving government effectiveness, as well as improving tax compliance, automating procedures, and promoting electronic payments.

The EU and its Relations with Eastern Europe

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1785365401
Total Pages : 208 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis The EU and its Relations with Eastern Europe by : de Deugd, Nienke

Download or read book The EU and its Relations with Eastern Europe written by de Deugd, Nienke and published by Edward Elgar Publishing. This book was released on 2022-02-15 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The politico-economic relations between the European Union (EU) and Eastern Europe are currently entering a new phase, which some scholars qualify as a revival of the Cold War. This insightful book seeks to explain whether and why a Cold War Europe has returned and discusses underlying factors that clarify the relations between East and West since the Second World War.

The Impact of Changes in Macroeconomic Conditions on the Agricultural Sector of Tajikistan

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Author :
Publisher : Cuvillier Verlag
ISBN 13 : 373698135X
Total Pages : 292 pages
Book Rating : 4.7/5 (369 download)

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Book Synopsis The Impact of Changes in Macroeconomic Conditions on the Agricultural Sector of Tajikistan by : Parviz Khakimov

Download or read book The Impact of Changes in Macroeconomic Conditions on the Agricultural Sector of Tajikistan written by Parviz Khakimov and published by Cuvillier Verlag. This book was released on 2015-11-05 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2000, Tajikistan has experienced prominent economic growth. The average rates of economic growth for the period of 2000-2012 exceed 7 percent (AGENCY ON STATISTICS OF TAJIKISTAN [AS], TAJIKISTAN IN FIGURES, 2013). The main drivers of recent growth were labour migration and remittances on the one hand and the Agricultural Sector on the other hand. The number of labour migrants in 2013 constitutes 1.2 million (FEDERAL MIGRATION SERVICES OF RUSSIAN FEDERATION, 2014). In 2013, remittances were approximately equivalent to 4.2 billion USD (RUSSIAN CENTRAL BANK, 2014) thus being twice as high as the state budget and equivalent to nearly 50 percent of GDP. Remittances are the second most important source of the population’s income after wages and constitute 35 percent of the population’s income (AS, INCOME AND EXPENDITURE OF POPULATION IN TAJIKISTAN, 2013).

Applied Economics for Development: Empirical Approaches to Selected Social and Economic Issues in Transition Economies

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Author :
Publisher : Vernon Press
ISBN 13 : 1622733576
Total Pages : 276 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis Applied Economics for Development: Empirical Approaches to Selected Social and Economic Issues in Transition Economies by : Mahmut Zortuk

Download or read book Applied Economics for Development: Empirical Approaches to Selected Social and Economic Issues in Transition Economies written by Mahmut Zortuk and published by Vernon Press. This book was released on 2018-01-15 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transition economies experience transformation of their economic system. Following the disintegration of the Soviet Union, a number of former socialist countries underwent transitions from central planning to a market economy. More generally, many rapidly growing economies undergo no less profound transformations of their economic systems. Contrary to common misconception, the transition process cannot be simply reduced to eliminating state intervention and liberalizing the economy. Economies under transition exhibit a unique set of policy challenges. Unlike developed market economies, missing markets or market failures abound. Economic transformation takes the form of rapidly evolving patterns of international trade and investment, industrial structure and consumption. These changes call for appropriate public policies. A continuing flow of investment hinges on suitable institutions, the provision of public infrastructure and other public goods. Adequate regulation can be central in ensuring that environmental resources are sustainably managed. And sophisticated production systems, call for corresponding social institutions in terms of education, health and welfare provisions. In all these cases, accurate empirical assessments are central to the design of effective policy. This book presents a selection of pressing economic and social issues in transition economies. Selected issues include the development of particular industrial sectors, the drivers and consequences of foreign direct investment, public finances, urbanization, social indicators, environmental policy and energy diversification. In each case an original empirical analysis is performed, using a variety of advanced quantitative methods, applied to recent data. The book will be of interest to economists studying transition economies, economic development or having a general interest in applied economics. It will be of particular interest to applied economists, policy analysts and policy makers in transition economies, concerned with the shape and direction of appropriate economic reforms.

The Shadow Economy

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1107034841
Total Pages : 225 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis The Shadow Economy by : Friedrich Schneider

Download or read book The Shadow Economy written by Friedrich Schneider and published by Cambridge University Press. This book was released on 2013-02-14 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.

Kyrgyz Republic

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498365639
Total Pages : 46 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Kyrgyz Republic by : International Monetary Fund. Middle East and Central Asia Dept.

Download or read book Kyrgyz Republic written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2016-02-22 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kyrgyz Republic: Selected Issues