This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a … factors to understand the level and changes of shadow economy. Relatively new available data sources offer the unique … that a higher tax morale and a higher institutional quality lead to a smaller shadow economy. …

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 …

The global economy is losing steam. After a weak start in the beginning of this year, world production accelerated … 2020 world output is expected to rise by 3.4 percent. Despite the gradual global economic slowdown, capacity utilization in …