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- W3121419665 abstract "This paper analyzes the relationship between unofficial economy (UE) and official GDP. Through the study of the UE within an institutional comprehensive empirical framework, a positive correlation is found between unofficial and official GDP. Empirical evidence on the procyclicality of UE supports the conclusion that the two sectors are rather complements than substitutes for Latin American countries. Then UE is considered as beneficial to sustain economic growth. Suggestions for economic policy and hints for further research are also offered." @default.
- W3121419665 created "2021-02-01" @default.
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- W3121419665 date "2008-12-01" @default.
- W3121419665 modified "2023-09-27" @default.
- W3121419665 title "What is the relationship between Unofficial and Official Economy? An analysis in Latin American Countries" @default.
- W3121419665 hasPublicationYear "2008" @default.
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