A number of recent studies for Latin America show that as the size of the informal economy grows, corruption is less … corruption, inequality and shadow economies are considerably large. We use Panel Least Square and Fixed Effects Models for Asia … to find that both 'Corruption Perception Index' and 'ICRG' index are sensitive to a number of important macroeconomic …

The relationship between corruption and the shadow economy is not clear. Theoretically, they either substitute or … with two latent variables - extracts information on various dimensions of corruption and the shadow economy to contribute … and corruption. The results show that the shadow economy influences corruption more than corruption influences the shadow …

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 …