Janský, Petr; Palanský, Miroslav - International Centre for Tax and Development - 2016
the shadow economy. We hypothesize that decentralization can negatively or positively affect the size of the shadow … economy, increasing or decreasing its size, and that this effect can vary according to a country's level of development. We … the shadow economy. We find that in developing countries a higher level of decentralization is associated with an increase …