It is common knowledge that in the past decades the focus on the shadow economy (SE) has increased and the range in the estimated size of this phenomenon is very divergent. The comprehensive coverage of economic production is important in order to ensure good quality of national accounts and exhaustive estimates of the gross domestic product. The purpose of this paper is to approach the SE by means of the latent variable method and the structural equation model-partial least squares and to explore similar behaviors in terms of the obtained results, by analyzing the subsamples of the countries under observation. Political measures need to be implemented carefully to counter the effects of the SE and policy-makers should have to adopt economic policy practices to drive the SE into the formal economy, particularly in less-developed countries

Behind the GDP: some remarks on the shadow economy in Mediterranean countries

QUINTANO, Claudio
2018

Abstract

It is common knowledge that in the past decades the focus on the shadow economy (SE) has increased and the range in the estimated size of this phenomenon is very divergent. The comprehensive coverage of economic production is important in order to ensure good quality of national accounts and exhaustive estimates of the gross domestic product. The purpose of this paper is to approach the SE by means of the latent variable method and the structural equation model-partial least squares and to explore similar behaviors in terms of the obtained results, by analyzing the subsamples of the countries under observation. Political measures need to be implemented carefully to counter the effects of the SE and policy-makers should have to adopt economic policy practices to drive the SE into the formal economy, particularly in less-developed countries
Shadow economy
Non-observed economy
Structural equation model
Partial least squares
Latent variable method
Mediterranean countries
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/20.500.12570/17419
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
social impact