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

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dc.cclicenceCC-BY-NCen
dc.contributor.authorIgudia, Eghosa
dc.contributor.authorAckrill, Robert
dc.contributor.authorCOLEMAN, SIMEON
dc.contributor.authorDobson, Carlyn
dc.date.acceptance2016-01-29
dc.date.accessioned2020-03-03T10:03:26Z
dc.date.available2020-03-03T10:03:26Z
dc.date.issued2016-05-18
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractPositing 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.en
dc.exception.reasonavailable on Nottingham Trent Uni repositoryen
dc.exception.ref2021codes254aen
dc.funderNo external funderen
dc.identifier.citationIgudia, E., Ackrill, R., Coleman, S., Dobson, C. (2016) 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.en
dc.identifier.doihttps://doi.org/10.1504/ijesb.2016.076643
dc.identifier.issn1476-1297
dc.identifier.urihttp://irep.ntu.ac.uk/id/eprint/27108/
dc.identifier.urihttps://dora.dmu.ac.uk/handle/2086/19277
dc.language.isoenen
dc.peerreviewedYesen
dc.publisherInderscienceen
dc.researchinstituteInstitute for Applied Economics and Social Value (IAESV)en
dc.subjectemerging economiesen
dc.subjectinformal economyen
dc.subjectfactorsen
dc.subjectcorruptionen
dc.subjectgovernmenten
dc.subjecttaxen
dc.subjectNigeriaen
dc.subjectunemploymenten
dc.subjecteconomic structureen
dc.titleDeterminants of the informal economy of an emerging economy: a multiple indicator, multiple causes (MIMIC) approachen
dc.typeArticleen

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