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This paper introduces a theory of the mechanisms and determinants of why some markets are prone to develop shadow economies. It tests the suggested hypotheses using data on 21 developed ...
This paper examines the effect of global transition to simpler, flatter income tax systems on the size of the shadow economy. By offering a new estimation framework, the paper revives the traditional ...
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive ...
We analyze how adding the shadow economy to official output figures affects estimated technical efficiency at the country level. We find that this only slightly affects the ranking of efficiency ...
This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are ...
This paper offers estimations of the shadow economy evolution in three very different Mediterranean countries: France, Spain and Greece. A multiple indicator and multiple cause model based on the ...
The paper highlights the interaction between the underground economy and corruption, focussing on the regional dimensions of the problem in south-eastern Europe. It discusses the theoretical approach ...
We use an "unexplained demand for cash" approach to measure the size of the shadow economy in Sweden. The size of the shadow economy is found to have increased from 3.8 to 6.5 per cent of GDP from ...
The size of the shadow economies in some countries




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