This paper analyses how governance or institutional quality and tax morale affect the shadow economy, using an … factors to understand the level and changes of shadow economy. However, the limited number of investigations use cross … support that its increase leads to a smaller shadow economy. Moreover, an increase in tax morale reduces the size of the …

This paper analyses how tax morale and countries' institutional quality affect the shadow economy, controlling in a … factors to understand the size and development of the shadow economy. Relatively new data sources that have become available … support for the assertion that a higher tax morale and a higher institutional quality lead to a smaller shadow economy …