Schneider, Friedrich; Hametner, Bettina - 2007 - Final Version: January 12, 2007
Using the currency demand approach size and development of the Colombian shadow economy are estimated over the period from 1976 to 2002. In the 70s the size fluctuated around 20% of official GDP and rose to 50% in the 90s. The most important factors driving the shadow economy are unemployment...
