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Growth in the shadows : effect of the shadow economy on U.S. economic growth over more than a century

Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017

This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...

Persistent link: https://www.econbiz.de/10011641560

Growth in the Shadows : Effect of the Shadow Economy on U.S. Economic Growth Over More than a Century

Goel, Rajeev K. - 2017

Persistent link: https://www.econbiz.de/10012957508

Nonlinearity between the shadow economy and level of development

Wu, Dong Frank; Schneider, Friedrich - 2019

This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that...

Persistent link: https://www.econbiz.de/10012022432

Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden …

Persistent link: https://www.econbiz.de/10011872942

Nonlinearity between the Shadow Economy and Level of Development

Frank Wu, Dong - 2019

This paper is the first attempt to directly explore the long-run nonlinear relationship between theshadow economy and level of development. Using a dataset of 158 countries over the period from1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy sizeand GDP...

Persistent link: https://www.econbiz.de/10012889145