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 …-classical growth model, we use a relatively new time-series technique to estimate the short-run dynamics and long-run relationship …