Showing 1 - 10 of 538
This paper is the first attempt to directly explore the long-run nonlinear relationship between theshadow economy and level of development. Using a dataset of 158 countries over the period from1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy sizeand GDP...
Persistent link: https://www.econbiz.de/10012889145
This paper examines the indirect role the IMF plays in combating corruption in the Baltic and CIS countries by … analysis draws on examples of actual experience with corruption and outlines some of the structural measures under IMF …-supported arrangements, which, if successfully implemented, can be expected to help gradually alleviate corruption. It also summarizes IMF …
Persistent link: https://www.econbiz.de/10013317988
shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015 …
Persistent link: https://www.econbiz.de/10012927456
This paper revisits the effects of corruption on the state's capacity to raise revenue, building on the existing …-2014, compiled by the IMF. It finds that-consistent with the existing literature-corruption is negatively associated with overall tax … revenue, and most of its components. This relationship is predominantly influenced by the way corruption interacts with tax …
Persistent link: https://www.econbiz.de/10012929954
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...
Persistent link: https://www.econbiz.de/10012843499
This paper describes how behavioral elements are relevant to financial supervision,regulation, and central banking. It …
Persistent link: https://www.econbiz.de/10012912488
revolution by creating a system of patronage and loyalty through corrupt bureaucracy. Competitive corruption patterns are …This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and … associated with anarchy and weak dictators, while strong dictators implement a system of monopolistic corruption. Efforts at …
Persistent link: https://www.econbiz.de/10012782606
In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were provided by governments to a variety of financial institutions and markets that were outside the regulatory perimeter - the "shadow" banking system. Although recent regulatory proposals attempt to...
Persistent link: https://www.econbiz.de/10013098578
system, rigid labor market, low institutional quality, and excessive regulation in financial and products markets are …
Persistent link: https://www.econbiz.de/10013080224
of institutions and the rule of law. We find that when businesses are faced with onerous regulation, inconsistent … enforcement and corruption, they have an incentive to hide their activities in the underground economy. Empirical analysis …
Persistent link: https://www.econbiz.de/10013110093