In the present paper an empirical analysis will point out that shadow economy can affect stock prices. The sample covers most industrialized world. Data are taken from Eurostat and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel data is made feasible by means of the...

In the present paper an empirical analysis will point out that shadow economy tends to push up house prices, distorting real estate market. The sample covers EU, Japan and The United States. Data are taken from OECD and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel...

It seems to be a trade-off between shadow economy restriction and macroeconomic repercussions. This view is expressed by (Era Dabla-Norris and Andrew Feltenstein, 2003) and is in agreement with the author of the present paper although approached in a different way. Author believes that present...

In the present paper it will be shown empirically that more severe regulations (public sector taxation and product market regulations) tend to restrict shadow economy. The sample covers EU, USA and Japan. Data are taken from OECD and (Schneider et al., 2010); (Schneider, 2013). The elaboration...

In the present paper an empirical analysis will point out that, based on (Georgiou, 2013), shadow economy has a negative impact on banking survival. The sample covers many Western European Countries and the United States. Data are taken from OECD, as well as (Schneider et al., 2010); (Schneider,...

In the present paper an empirical analysis will point out that as shadow economy declines then income distribution does not worsen. This paper supports the view of (Rosser et al., 2000; 2003). The sample covers most industrialized world. Data are taken from Eurostat and (Schneider et al., 2010);...