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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

Nonlinearity between the shadow economy and level of development

Wu, Dong; 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

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

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

Payment innovations, the shadow economy and cash demand of households in euro area countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020

panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …

Persistent link: https://www.econbiz.de/10012291866

Nonlinearity between the Shadow Economy and Level of Development

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

Nonlinearity between the Shadow Economy and Level of Development

Wu, Dong - 2019

Persistent link: https://www.econbiz.de/10012868795

Shadow economies around the world : what do we know?

Schneider, Friedrich; Klinglmair, Robert - 2004

Using various statistical procedures, estimates about the size of the shadow economy in 110 developing, transition and OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in developing countries is 41 percent, in transition countries...

Persistent link: https://www.econbiz.de/10002039255

Shadow economies around the world : what do we really know?

Schneider, Friedrich (contributor) - 2004

Using the DYMIMIC approach, estimates of the shadow economy in 110 developing, transition and developed OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in developing countries is 41%, in transition countries 38% and in OECD...

Persistent link: https://www.econbiz.de/10002580726

Shadow economies around the world : what do we really know?

Schneider, Friedrich - In: European journal of political economy 21 (2005) 3, pp. 598-642

Persistent link: https://www.econbiz.de/10003060821