This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic simultaneous-equation panel data model for 38 developing and 40 developed countries over the 2000−2015 period. The analysis suggests that there is a unidirectional and negative...

What are informal political institutions? How different colonial institutions differently impact long-term economic and political development in former European colonies? What is the role of informal political institutions in the political stability of democratic and authoritarian regimes in...

This paper examines the moderating influence of the size of a country’s shadow economy on the effects of national institutions on the likelihood that individuals will enter into technology entrepreneurship. Using multi-level study of 44 countries – 20 developing and 24 developed – and...