Informal economy (IE) is second only to the US economy in size; however, the role of ICT in IE remains largely unexplored. In this study, we conduct an empirical analysis of the role of ICT in IE growth. With PLS analysis involving more than 100 nations, we show that ICT products and software piracy may play important roles in IE growth, that impact of ICT and other determinants on IE growth re...

With minimal sleight of hand, it is possible to transform the recent growth experience of the People’s Republic of China from the extraordinary into the mundane. Systematic understatement of inflation by enterprises accounts for 2.5 percent growth per year in the nonagricultural economy during the first two decades of the reform period (1978–98). The usual suspects (i.e., rising participation r...

The sharing economy will blur the distinctions between renting and owning a wide variety of durable products. The first great entrepreneurial (Neolithic) revolution transformed hunter-gatherers into fixed agriculturalists. The second (Industrial) revolution dramatically reduced the costs of owning products. The third (Transactions Costs) revolution will reduce the costs of exchange, fostering a...

This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust. JEL Classification: D20, G30, O10, P30

In this paper we are concerned with the implications of information and communications technologies (ICTs), and the so-called “new economy” with which they are associated, for regional development. As such, we are concerned particularly with examining the ways in which ICTs may “change the balance” between centralising and decentralising dynamics in the space-economy. A number of starkly differ...

The effect of economic change on the Latino to non-Latino White earnings gap has been well documented; however much of this research has focused on Latinos as a general category with little focus on subgroup variations. Despite varied histories and demographic characteristics Mexicans, Puerto Ricans and Cubans, the largest Hispanic subgroups, have usually been combined in analyses of earnings g...

too far in prioritizing consumption in analyses of the cultural economy. The article adopts a version of the ‘production of culture’ perspective and is illustrated through discussion of three interrelated fields of the cultural economy: the new economy, creativity and consumption. The article argues in favour of studies of the material culture of production (redefined to take in the whole ‘cycl...