Regulations and Shadow Economy. A Worldwide Panel Data Analysis.

15 Pages Posted: 5 Dec 2013

Date Written: December 4, 2013

Abstract

In the present paper it will be shown empirically that more severe regulations (public sector taxation and product market regulations) tend to restrict shadow economy. The sample covers EU, USA and Japan. Data are taken from OECD and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel data is made feasible by means of the Eviews software package.

Keywords: Market Regulations; Shadow Economy; Econometric models with panel data (single equation).

JEL Classification: O17, F43, C2.

Suggested Citation

Georgiou, Miltiades N., Regulations and Shadow Economy. A Worldwide Panel Data Analysis. (December 4, 2013). Available at SSRN: https://ssrn.com/abstract=2363382 or http://dx.doi.org/10.2139/ssrn.2363382

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