Basbay, Mustafa Metin; Elgin, Ceyhun; Torul, Orhan - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-14, pp. 1-28
In this paper, the authors empirically investigate the relationship between energy consumption and the size of the informal economy. Relying on panel data regression models, their results show that at the aggregate level, energy intensity is inversely related to the size of the informal sector,...