Showing 1 - 7 of 7
We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … euro area countries. The use of large and small denominations is obviously not driven by the shadow economy. For comparison …
Persistent link: https://www.econbiz.de/10012912426
Using the MIMIC method, this paper is a first attempt to estimate the size of the shadow economy of 158 countries over the period 1991 up to 2015. In addition to performing a variety of robustness tests, this paper explicitly addresses endogeneity concerns to the use of GDP as cause and...
Persistent link: https://www.econbiz.de/10012956708
This paper presents the first MIMIC (multiple indicator multiple causes) model estimate of the size and development of the shadow economy and of do-it-yourself (DIY) activities in Germany from 1970 to 2005. By 2005, they reached a level of about 17% and 4.94%. While the shadow economy has...
Persistent link: https://www.econbiz.de/10012776692
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 complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...
Persistent link: https://www.econbiz.de/10013317657
estimation methods are discussed and critically evaluated …
Persistent link: https://www.econbiz.de/10013317397
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...
Persistent link: https://www.econbiz.de/10013144782
This survey provides an in-depth analysis of existing research on the economic analysis of terrorism and counter-terrorist measures. First the existing evidence on the causes of terrorism is analyzed, then we consider the evidence of the consequences of terrorism and we demonstrate why it is...
Persistent link: https://www.econbiz.de/10013144785