Harb, Diab; Bhattacharya, Prasad S. - Deakin University, Faculty of Business and Law, School … - 2008
This study, using currency demand model, finds Australia’s underground economy to be around 2 to 3 per cent of gross domestic product. We extend the related literature (see, inter alia, Bajada, 1999 and Breusch, 2005) in three novel ways. First, we use Austrian levels of taxes and welfare...