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"Drawing together experts from a variety of backgrounds, this work explores the increasing shift away from formal based capitalism and evaluates through case studies how different states are responding to the challenges they face"--
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Using a large sample of nations, this paper examines the relation between corruption and the shadow economy, focusing … especially on geographic spillovers. The results point to complementarity between corruption and the shadow economy. We find … evidence of own contagion across nations in both corruption and shadow economy activity, while cross-contagion mostly points to …
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