Enste, Dominik H. - In: IZA World of Labor (2015) February, pp. 1-10
The shadow (underground) economy plays a major role in many countries. People evade taxes and regulations by working in … the shadow economy or by employing people illegally. On the one hand, this unregulated economic activity can result in … economic growth rates. But on the other hand, the shadow economy can be a powerful force for advancing institutional change and …