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 …

size of the shadow economy allows to mitigate the negative consequences of low oil prices on the likelihood of protest. To … explain these results, we show that negative oil price shocks lead to a significant increase in the size of the shadow economy …. In our estimations, a decrease in the GDP per capita by one percentage point increases the shadow economy by 0 …

This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic … suggests that there is a unidirectional and negative causality running from the unemployment rate to the shadow economy in the … shadow economy and unemployment rate. The sensitivity of the results makes the authors realize that institutional quality …

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … net issues and the size of the shadow economy only for medium notes. And this result seems to be driven by the smaller … euro area countries. The use of large and small denominations is obviously not driven by the shadow economy. For comparison …

sensitivity to institutes of the shadow economy. At the same time, the "taste" on the basis of shadow services correlates …