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corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market … - by means of Structural Equation Modelling that treats the shadow economy and the corruption market as latent variables …This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and …
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Ein zusammengesetzter Index ist eine aggregierte Variable, die aus individuellen Indikatoren und Gewichten besteht, wobei die Gewichte die relative Wichtigkeit jedes Indikators darstellen. Zusammengesetzte Indizes werden oft benutzt um latente Phänomene zu schreiben oder komplexe Informationen...
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We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for optimal (conditional) reform design. The main result is that the informational advantage of the country must be strictly greater than the advantage of the multilateral in order...
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