Based on empirical evidence, this research: highlights the timeline of changes in Ukrainian agricultural sector since the onset of the full-scale war in 2022 and the maritime blockade affecting exports; examines the relevant transformation of the illegal grain market amid these extraordinary...

Purpose - the aim of this study is to assess the relationship and influence between the shadow economy and the level of happiness in the Euro area economies of the European Union by highlighting the theoretical assumptions behind the concept and expression of the shadow economy and happiness....

Purpose - This paper aims at assessing the impact of a number of behavioral interventions on the willingness of informal businesses, in the Egyptian informal sector, to join the formal sector. Design/methodology/approach - This paper uses an experimental methodology to examine the impact of...

Research on the relationship between oil wealth and economic growth has shown that the impact of oil can depend on various factors or conditions. However, the role of the underground eco-nomy in this relationship remains underexplored. This study aims to fill this gap by examining how the...

Widening income disparities, higher corruption and larger informality in many emerging market and developing economies (EMDE) including Latin America, all with pressing and mounting fiscal problems, have rekindled interest in the empirical analysis of the key factors determining the occurrence...

This study examines the emergence of international hidden entrepreneurs (IHEs) in the Kingdom of Saudi Arabia through an institutional theory lens. An international hidden entrepreneur arises when local regulations impose high costs on an international entrepreneur operating as the legal head of...

This study examines the influence of economic growth, energy consumption, a shadow economy, and foreign direct investment (FDI) on the ecological footprint in ASEAN countries. The analysis covers a panel of nine member states-Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, the Philippines,...

The present work investigates the effect of institutional quality on Africa's underground economy, as well as the mechanisms that modulate this effect. Considering cross-sectional dependency between panels, this study considers data of 41 African countries from the period 1996 to 2017 and the...

Purpose - This study was conducted to understand the potential of cashless subsidy to reduce illegal underground economy activity in Indonesia. Research methodology - The research was done through a qualitative approach then analyzed based on the content analysis and sentiment analysis using...

The shadow economy (SE), which is hard to define and even harder to tackle, is posing a serious challenge in emerging countries. The study examines the impact of tariff (TAR) and non-tariff (NTAR) barriers on SE in N-11 countries. Additionally, it investigates the role of market signaling...

The study investigates the determinants of tax revenue in Zimbabwe using the ARDL approach for the period 1980 to 2022. This study aims to offer a thorough summary of the different factors that influence tax revenue within the framework of economic and social factors. The variables included in...

The objective of the study was to determine the size of Ghana's "underground economy" and the extent of tax evasion in Ghana. The underground economy in most countries is vital because it serves as a survival place for most people. However, their activities are mostly related to tax evasion...

This study investigated the impact of mobile financial services on the shadow economy in Southern Africa countries and explored how regulatory quality moderates this relationship. Utilising panel data from 1993 to 2022, this study employed dynamic common-correlated effect (DCCE) and dynamic...

This paper focuses on analyzing the impact of the shadow economy on economic growth in ASEAN countries. In particular, the authors examine the role of institutional quality in the effects of the shadow economy on economic growth, which means that this study is different from previous studies....

Using an enhanced MIMIC method, this paper presents new and long-run estimates of the Informal Economy (IE) for 152 countries from 1997 to 2022. We address several limitations found in previous estimates of the IE, notably issues surrounding the missing values, time-invariant country...

Legal and illegal markets often coexist. In theory, marginal legalization can either substitute for the remaining parallel market, or complement it via scale effects. I study migrants crossing without prior authorization at the US southwest border, where large-scale unlawful crossing coexists...

Using an enhanced MIMIC method, this paper presents new estimates of the Informal Economy (IE) for 110 countries from 1997 to 2022. We address several limitations found in previous estimates of the IE, notably issues surrounding the missing values, time-invariant country characteristics, and...

How do minimum wages affect earnings inequality in countries with large informal sectors? I provide reduced-form evidence that the 2000s minimum wage hike in Brazil raised overall inequality by increasing inequality inside the informal sector. I develop a model where heterogeneous firms select...

The goal of the article is to explore the potential of explicatory Structural Equation Modelling (SEM) and its specifications for measuring the shadow economy (SE). This is done from the perspective of various approaches in selected countries. The article is a review and conceptual paper. The...

The shadow economy's size and impact remain subjects of extensive research and debate, holding significant implications for economic policy and social welfare. In Lebanon, the ongoing crisis since 2019 has exacerbated severe economic challenges, with the national currency's collapse, bank...

The article presents a method for balancing Gross Domestic Product (GDP) when the measurements of its components are distorted by the existence of the shadow economy. Our proposal to measure GDP is based on a multiple ultrastructural model (MUM), where the explanatory variables are subject to...

Purpose - The study's objective is to examine the relevance of globalization in affecting the size of the shadow economy in selected African nations. Design/methodology/approach - To do this, the authors employ the KOF globalization index and implement both static and dynamic common correlated...

This scoping review systematically examines the definitions, challenges, and methodologies for estimating the illegal gambling market, spanning literature from 2000 to 2023. Given the clandestine nature of illegal gambling and its significant economic and social implications, understanding its...

This study aims to bridge the gap in the existing literature by examining the impact of prevailing traditional slavery institutions and democratization processes on human capital development. In our pursuit, we conducted a residential survey in Sumba Island, Indonesia. Notably, despite...