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Building on new behavioral and institutional theories, using a data set of about 450 variables and augmenting the Sala-i-Martin definition of robustness, we find evidence in support of the hypothesis that the standard causes of the shadow economy (SE), taxes, the administrative burden and labor...
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The goal of this study is to determine the reasons behind high cash demand in several Central European countries …, especially Hungary. We distinguish between legal and illegal cash demand in an attempt to model the former. In our approach …, legal cash demand can be explained by transactional and saving motives (hoarding). We apply both direct calculation and an …
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Gegensatz zu anderen Modellen dieser Art zwischen Bargeld, Wertpapieren und Aktien im internationalen Portfolio der …
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