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- W1992157089 abstract "This paper studies the driving forces behind the considerable expansion of the underground economy during the late 1990s. I propose a novel explanation for this phenomenon: the sharp increase in market competition worldwide, which reduces prices and profits and drives firms into the shadow economy. Empirical evidence from a panel covering 45 countries from 1995 to 2000 shows that increased competition is indeed correlated with an expansion of the underground economy. The effect is strongest in low-tax, high-corruption countries that do not provide the public services which make it worthwhile for firms to remain official despite growing competitive pressure." @default.
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- W1992157089 date "2009-10-01" @default.
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- W1992157089 title "The Underground Economy in the Late 1990s: Evading Taxes, or Evading Competition?" @default.
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- W1992157089 doi "https://doi.org/10.1016/j.worlddev.2009.03.001" @default.
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