File(s) not publicly available
Purchasing from informal markets: evidence from Serbia
journal contribution
posted on 2023-06-08, 05:27 authored by Barry ReillyBarry Reilly, Gorana Krstic, Matteo CominettaThis paper exploits a relatively unique survey conducted in Serbia in late 2000 to examine the determinants of expenditures on goods and services provided through informal outlets. The research reported in this paper adds to a relatively small existing literature on the topic. The empirical analysis is tentatively situated within the context of an Engel curve approach and the influence of informal 'networks' on purchasing behaviour is assessed. Our empirical analysis suggests that the share of purchases from informal markets is inversely related to income and there is a strong role for 'network' effects.
History
Publication status
- Published
Journal
Applied Economics QuarterlyISSN
1611-6607Issue
3Volume
52Page range
30-50Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes