Nikopour, Hesam and Shah Habibullah, Muzafar and Schneider, Friedrich (2008): The shadow economy Kuznets’s curve panel data analysis.
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The review of recent literature shows the relationship between shadow economy and economic growth is ambiguous. This paper attempts to answer whether the relationship between shadow economy and economic growth depends on the level of development or not? In this way, the Shadow Economy Kuznets’s Curve (SEKC) is estimated in two quadratic -Inverted U- and cubic -N shape- functional form by using shadow economies data of 21 selected OECD countries for time period of 1995-2006. The panel data analyses results show that cubic functional form justifies the relationship between shadow economy and economic growth better, this relationship depends on the level of development and the shadow economy has a positive effect on the official economy.
|Item Type:||MPRA Paper|
|Original Title:||The shadow economy Kuznets’s curve panel data analysis|
|English Title:||The shadow economy Kuznets’s curve panel data analysis|
|Keywords:||Shadow economy, economic growth, Kuznets’s curve, panel data analysis, OECD|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
C - Mathematical and Quantitative Methods > C2 - Single Equation Models; Single Variables > C23 - Models with Panel Data; Longitudinal Data; Spatial Time Series
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
|Depositing User:||Hesam Nikopour|
|Date Deposited:||29. Jan 2009 05:08|
|Last Modified:||13. Feb 2013 15:12|
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