Nonlinearity Between the Shadow Economy and Level of Development

Nonlinearity Between the Shadow Economy and Level of Development
This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that the shadow... READ MORE...

Publication date: March 2019
ISBN 9781484399613
$18.00

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