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Corruption and the shadow economy : an empirical analysis

Dreher, Axel; Schneider, Friedrich G. - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We … also find that stricter regulations increase both corruption and the shadow economy. …

Persistent link: https://www.econbiz.de/10010276563

Shadow economy, tax morale, governance and institutional quality: a panel analysis

Torgler, Benno; Schneider, Friedrich G. - 2007

This paper analyses how governance or institutional quality and tax morale affect the shadow economy, using an international country panel and also within country data. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of shadow...

Persistent link: https://www.econbiz.de/10010276598

Pollution, shadow economy and corruption: Theory and evidence

Biswas, Amit K.; Farzanegan, Mohammad Reza; Thum, Marcel - 2011

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public … be accompanied by higher pollution levels. Our theoretical model predicts that controlling the levels of corruption can … levels of pollution are dependent on the levels of corruption. Our results hold when we control for the effects of other …

Persistent link: https://www.econbiz.de/10010278904

Corruption and the Shadow Economy

Choi, Jay Pil; Thum, Marcel - 2002

This paper develops a simple framework to analyze the links between corruption and the unofficial economy and their …

Persistent link: https://www.econbiz.de/10010315272

Debt as Safe Asset

Brunnermeier, Markus K.; Merkel, Sebastian; Sannikov, Yuliy - 2022

The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers’ interest burden and allows the government to run a...

Persistent link: https://www.econbiz.de/10013308246

Money laundering as a financial sector crime: A new approach to measurement, with an application to Italy

Ardizzi, Guerino; Petraglia, Carmelo; Piacenza, Massimiliano - 2013

Anti-money laundering regulations have been centred on the Know-Your-Customer rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...

Persistent link: https://www.econbiz.de/10010291661

Exploring the Dark Side of Tax Policy: An Analysis of the Interactions between Fiscal Illusion and the Shadow Economy

Buehn, Andreas; Dell' Anno, Roberto; Schneider, Friedrich - 2015

This paper presents an empirical analysis of the relationship between fiscal illusion and the shadow economy for 104 countries over the period 1989–2009. We argue that both unobservable phenomena are closely linked to each other, as the creation of a fiscal illusion may be helpful if...

Persistent link: https://www.econbiz.de/10011307133

Grey Matters: Charting the Development of the Shadow Economy

MacGéidigh, Donal; Schneider, Friedrich; Blum, Matthias - 2016

The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late have been identified as high tax burdens and increased regulation, but has this relationship always existed? This seminal work examines the shadow economy in Norway, Sweden,...

Persistent link: https://www.econbiz.de/10011584933

The Impact of Economic Globalization on the Shadow Economy in Egypt

Farzanegan, Mohammad Reza; Hassan, Mai - 2017

This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically...

Persistent link: https://www.econbiz.de/10011657145

Cash in Circulation and the Shadow Economy: An Empirical Investigation for Euro Area Countries and Beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro banknotes and take due account of other determinants of...

Persistent link: https://www.econbiz.de/10011887403

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