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 …

Using various methods estimates about the size of the shadow economy in 76 developing, transition and OECD countries … are presented. The average size of the shadow economy (in percent of GDP) over 1989-93 in developing countries is 39 %, in … with rising state regulatory activities are the driving forces for the growth and size of the shadow economy. According to …

absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …