The purpose of this study is to analyze the underground economy in the Caribbean coutries for the period 1970- 2009, using annual data with a panel approach, including a set of social and institutional variables (the degree of urbanization, the Index of Globalization, the Index of Participation and the Index of Competition). After a brief introduction, a survey of the economic literature on this issue is shown, before estimating the determinants of the underground economy. The higher tax burden, the higher the tax evasion and higher currency holdings relative to M2. Some notes on the policy implications of this analysis conclude the paper.
Magazzino, C., Buscemi, A., Hagos, Y.A. (2011). The underground economy in the Caribbean countries. INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MODELING, 2(2), 124-132.
The underground economy in the Caribbean countries
MAGAZZINO, COSIMO;
2011-01-01
Abstract
The purpose of this study is to analyze the underground economy in the Caribbean coutries for the period 1970- 2009, using annual data with a panel approach, including a set of social and institutional variables (the degree of urbanization, the Index of Globalization, the Index of Participation and the Index of Competition). After a brief introduction, a survey of the economic literature on this issue is shown, before estimating the determinants of the underground economy. The higher tax burden, the higher the tax evasion and higher currency holdings relative to M2. Some notes on the policy implications of this analysis conclude the paper.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
