This paper examines the transmission of shocks across equity, mortgage, and hybrid real estate investment trusts (REITs). Though the augmented Dickey-Fuller, Phillips-Perron, and Kwiatkowski-Phillips-Schmidt-Shin unit root tests reveal that the respective REITs are integrated of order one,...

This article uses pooled data over the period 2004--2007 on about 100 nations to examine the impact of the shadow economy on the piracy of computer software. Results support the main hypothesis that a larger shadow economy leads to higher rates of software piracy. This claim is supported by...