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Energy demand growth in Southeast Asian countries is predicted to be the highest in the world, with Indonesia having the highest urbanization rate. Along with growing urban areas, public infrastructures, such as streetlights, are also expanding. Unfortunately, energy conservation measures in...
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This paper is a first attempt to estimate the size and development of the shadow economy of 158 countries over the period 1991 up to 2015. Using the Multiple Indicators, Multiple Causes (MIMIC) method we apply for the first time (i) the light intensity approach instead of GDP avoiding the...
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Using the MIMIC method, this paper is a first attempt to estimate the size of the shadow economy of 158 countries over the period 1991 up to 2015. In addition to performing a variety of robustness tests, this paper explicitly addresses endogeneity concerns to the use of GDP as cause and...
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these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk … their private counterparts. When it comes to the determinants, economic policy uncertainty, corruption, and political …
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