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Shadow Economies and Corruption All Over the World : What Do We Really Know?
Schneider, Friedrich - 2021
economy reduces corruption in high-income countries, but increases corruption in low income countries. Finally, the various … estimation methods are discussed and critically evaluated …
Persistent link: https://www.econbiz.de/10013317397
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Corruption and the Shadow Economy : An Empirical Analysis
Dreher, Axel; Schneider, Friedrich - 2021
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/10013317657
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Shadow Economies Around the World : New Results for 158 Countries Over 1991-2015
Medina, Leandro - 2017
Using the MIMIC method, this paper is a first attempt to estimate the size of the shadow economy of 158 countries over the period 1991 up to 2015. In addition to performing a variety of robustness tests, this paper explicitly addresses endogeneity concerns to the use of GDP as cause and...
Persistent link: https://www.econbiz.de/10012956708
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Pollution, Shadow Economy and Corruption : Theory and Evidence
Biswas, Amit K. - 2013
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/10013092159
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Robust Determinants of the Shadow Economy : An International Comparison
Goel, Rajeev K. - 2016
To synthesize the literature on determinants of the shadow economy, this paper uses three cross-national shadow economy measures and employs numerous determinants over hundreds of model combinations to identify robust determinants of the shadow economy and address modeling uncertainty. We find...
Persistent link: https://www.econbiz.de/10012992010
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Globalisation and the Mix of Wage and Profit Taxes
Haufler, Andreas - 2006
This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...
Persistent link: https://www.econbiz.de/10012780459
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Grey Matters : Charting the Development of the Shadow Economy
Mac Géidigh, Donal - 2017
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/10012964698
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Nice Guys Finish Last : Are People with Higher Tax Morale Taxed More Heavily?
Dörrenberg, Philipp - 2012
This paper provides evidence of efficient taxation of groups with heterogeneous levels of ‘tax morale'. We set up an optimal income tax model where high tax morale implies a high subjective cost of evading taxes. The model predicts that ‘nice guys finish last': groups with higher tax morale...
Persistent link: https://www.econbiz.de/10013104258
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On Estimating the Size of the Shadow Economy
Kirchgässner, Gebhard - 2016
As long as it is employed cautiously enough, the model approach is a useful tool to estimate simultaneously the size and the development of the shadow economy in several countries. However, a second method is necessary to calibrate the model. The currency demand approach can lead to highly...
Persistent link: https://www.econbiz.de/10012996803
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Asymmetry in Volatility : A Comparison of Developed and Transition Stock Markets
Wdowinski, Piotr; Malecka, Marta - 2021
ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...
Persistent link: https://www.econbiz.de/10013316234