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Economic theory suggests that taxation, regulations, efficiency of the bureaucracy and corruption are among the causes of the underground economy. The association between these variables is ...
Economic literature on the underground economy is restricted to (i) the ratio of aggregate underground output to formal sector output. What insights can one draw about micro-level transactions, given ...
We investigate the relationship between underground activities and financial deepening. The access to external finance requires entrepreneurs to disclose credible information through formal ...
This paper develops and estimates a structural, latent variable, model for the hidden economy in New Zealand, and a separate currency-demand model. The estimated latent variable model is used ...
In the presence of an underground economy taxes give rise to a deadweight loss from displacement of efficient producers by inefficient producers. We consider an economy in which a ...
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 ...
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 ...
The term 'new economy' has become increasingly used in Australia by the media, policy makers and scholars. The new economy remains, however, an elusive concept. Some also claim that the new economy ...
The concept of sustainable development has increasingly stimulated interest among development practitioners, scholars and politicians regarding its relevance to addressing development problems. It ...
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