01778cas a2200253 a 4500 AALejournalIMF013626 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484331613 1018-5941 BD-DhAAL BD-DhAAL Abdih, Yasser. Measuring the Informal Economy in the Caucasus and Central Asia / Yasser Abdih, Leandro Medina. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (18 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Medina, Leandro. IMF Working Papers; Working Paper ; No. 2013/137 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/137/001.2013.issue-137-en.xml IMF e-Library