Mohommad, Adil; Singh, Anoop; Jain-Chandra, Sonali - International Monetary Fund (IMF) - 2012
the formal economy. This paper analyzes the determinants of the underground economy, with particular emphasis on the role … enforcement and corruption, they have an incentive to hide their activities in the underground economy. Empirical analysis … suggests that institutions are a more important determinant of the size of the underground economy than tax rates. …