Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/22864

Title: Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes approach
Authors: Igudia, Eghosa
Ackrill, Rob
Coleman, Simeon
Dobson, Carlyn
Keywords: Determinants
Informal economy
MIMIC approach
Informal sector policies
Shadow economy
Emerging economies
Survival needs
Issue Date: 2016
Publisher: © Inderscience
Citation: IGUDIA, E. ...et al., 2016. Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes approach. International Journal of Entrepreneurship and Small Business, 28(2-3), pp. 154-177.
Abstract: © Copyright 2016 Inderscience Enterprises Ltd.Positing the implementation of evidenced-based policies to manage the informal economy, our paper employs, in a novel way, the multiple-indicator, multiple-cause 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.
Description: This paper was accepted for publication in the journal International Journal of Entrepreneurship and Small Business and the definitive published version is available at http://dx.doi.org/10.1504/IJESB.2016.076643
Version: Accepted
DOI: 10.1504/IJESB.2016.076643
URI: https://dspace.lboro.ac.uk/2134/22864
Publisher Link: http://dx.doi.org/10.1504/IJESB.2016.076643
ISSN: 1476-1297
Appears in Collections:Published Articles (Economics)

Files associated with this item:

File Description SizeFormat
coleman_IJESB_2016_076643_accepted.pdfAccepted Version348.03 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.