Shadow economies have been defined as all currently unregistered economic activities that contribute to the officially calculated GDP. All countries do pay greater attention to the size of the shadow economy and the determinants of shadow economy has been an important policy goal in these...

The primary purpose of this paper is to find out the relationship between real government expenditures and real gross domestic product (GDP) for three countries of the South Caucasus namely, Azerbaijan, Armenia, and Georgia. The relationship between the variables is essential for policy...