Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Nisha Taneja ¹, Sanjib Pohit ¹

Affiliations
1 National Council of Applied Economic Research (NCAER), IN

Abstract

This study used primary survey data to prepare estimates of informal trade between India and Nepal. It also analyzed the institutional mechanisms that enable informal trade to take place between the two countries. Using insights from the New Institutional Economics, the study contrasted informal and formal institutions engaged in cross-border trade in an effort to examine the transaction environments of formal and informal traders and to understand whether informal trading arrangements provide efficient institutional solutions.

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