Acknowledgments -- Introduction -- The drivers of the informal economy -- Tax morale and informality in post-socialist contexts / Diana Traikova -- The many shades of the grey economy in Romania / Rodica Ianole-Colin, Colin Vâlsan, Elena Druic? -- Evaluating the perceptions and realities of...

Not only has the shadow economy obviously been growing much more rapidly than the official economy in the Western industrialised countries, it also appears to have a growth cycle of its own, running counter to the official economy's growth cycle. This raises a number of important questions for...

This paper provides a long term analysis of the determinants of the shadow economy. Using data for the United States over the years 1870–2014 we examine economic and political factors driving the underground sector. Results show that among the economic factors, greater economic prosperity...