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to differences in factor endowments. These results survive several tests for robustness. -- shadow economy ; income …
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and shadow economy are substitutes in high income countries while they are complements in low income countries. The … that the shadow economy reduces corruption in high income countries, but increases corruption in low income countries. We …
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The relationship between corruption and the shadow economy is not clear. Theoretically, they either substitute or complement each other -exhibiting either a negative or positive relationship. This paper -using a structural equation model with two latent variables - extracts information on...
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