Friedrich, Schneider; Bettina, Hametner - In: Peace Economics, Peace Science, and Public Policy 20 (2014) 2, pp. 33-33
Using the currency demand approach, size and development of Colombia’s shadow economy are estimated over the period from 1980 to 2012. The results show a great extent of shadow economic activity varying over time between 27 and 56% of GDP. The most important factors driving the shadow economy...