The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late have been identified as high tax burdens and increased regulation, but has this relationship always existed? This seminal work examines the shadow economy in Norway, Sweden,...

Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of officialʺ GDP) in 2002/03 in 96 developing...

This study focuses on the determinants of bilateral and multilateral aid given to developing countries. We try to model the allocation process of different types of foreign aid and derive testable hypotheses using the public choice framework. The decisive motives are identified by explicitly...