This paper examines the role of shadow economy, tax enforcement and taxation, on the economic growth. These effects are studied by simulating a modified version of an endogenous growth model proposed by Loayza (1996). Econometric results and calibration are based on the Italian economy over the period 1982-2004. Empirical evidence confirms the theoretical model. We show that the relationships between shadow economy, direct tax burden and the growth rate of GDP are negative in the long run equilibrium.
Crescita Economica ed Economia Sommersa. Un approccio di simulazione e verifica empirica per l’Italia
DELL'ANNO, Roberto
2012-01-01
Abstract
This paper examines the role of shadow economy, tax enforcement and taxation, on the economic growth. These effects are studied by simulating a modified version of an endogenous growth model proposed by Loayza (1996). Econometric results and calibration are based on the Italian economy over the period 1982-2004. Empirical evidence confirms the theoretical model. We show that the relationships between shadow economy, direct tax burden and the growth rate of GDP are negative in the long run equilibrium.File in questo prodotto:
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