Afonso, Oscar; Torres, Nuno - In: Prague economic papers : a bimonthly journal of … 33 (2024) 5, pp. 565-598
We estimate that the Unobserved Economy (UnEc) share in Portuguese GDP rose to a maximum of 34.37% in 2022. The results suggest that cutting the tax burden and improving the efficacity of social benefits could reduce UnEc and foster inclusive growth. The rising UnEc share MIMIC estimates found...