Purchasing from Informal Markets: Evidence from Serbia

Reilly, Barry, Krstic, Gorana and Cominetta, Matteo (2006) Purchasing from Informal Markets: Evidence from Serbia. Applied Economics Quarterly, 52 (3). pp. 30-50. ISSN 1611-6607

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Abstract

This 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.

Item Type: Article
Additional Information: From SRO
Schools and Departments: School of Business, Management and Economics > Economics
Depositing User: Barry Reilly
Date Deposited: 06 Feb 2012 20:12
Last Modified: 28 Mar 2012 10:31
URI: http://sro.sussex.ac.uk/id/eprint/24716
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