The informal economy is a complex phenomenon present, to a large extent, in both developing and developed countries. Despite an increasing focus on the nexus between public spending and the informal economy, little is known about the moderating role of budget imbalance in this relationship. This...

In a global context, per-capita income disparities between countries persistently widen, while internal income inequality in most nations continues to increase. Nobel Laureate Joseph Stiglitz argues that such inequality is a result of deliberate political decisions. However, inequality...

This study reexamines the relationship between economic growth and inequality, challenging the conventional view that regards inequality solely as an impediment to development. While recognizing the essential role of economic growth in development plans, our analysis extends beyond this...