This paper presents an analysis of the relationship between economic growth and income tax evasion. For this purpose we constructed a dynamic model with human capital in which income tax evasion is endogenous. The model captures the effects of income tax evasion on economic growth through three...

One important financial source for any government is the treasury market. Although a full government control over the interest rate is desirable, microeconomic-strategic behavior in the treasury securities often lead to collusive and precautionary agent behavior affecting government revenues....