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| 1 |
ID:
167238
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| Summary/Abstract |
A number of studies show the importance of the underground economy in defining the dynamics of migratory flows to southern European countries. A very high number of foreign-born workers are employed in the underground economy in Italy. However, by no means has the informal economy in the country been created by migrants. Instead, the opposite is true. Research demonstrates that it is precisely because the underground economy provides a wealth of employment opportunities that there is a strong incentive for migrants to access southern European countries, especially Italy, despite the difficulties in gaining regular migration status.
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| 2 |
ID:
069842
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| 3 |
ID:
159350
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| Summary/Abstract |
This article introduces the underground economy into a standard multiplier-accelerator model with linear progressive income taxation. The main results are that this introduction increases the instability of the overall economy towards chaos, that tax policy plays a critical role in preserving stability even if in the sense of a uniform cycle and that the operation of the accelerator may be countering the negative effect of tax evasion on tax revenue.
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| 4 |
ID:
176879
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| Summary/Abstract |
This paper examines the spatial spillovers of pollution onto the underground economy. The extant literature has considered the pollution-informal economy nexus to some extent, but the spillover effects across national borders have been ignored. Pollution can increase the underground sector when some formal sector production moves to the informal sector (“scale effect”), whereas greater pollution can reduce the underground sector when it invites tougher regulations (“substitution effect”). Results, based on a panel of more than 130 nations and allowing for reverse causality, show both own- and border pollution reduce the underground sector - consistent with the substitution effect. In other results, we find opposite effects of economic and political freedom, and some differences in the influences of specific dimensions of economic freedom and the role of the government. Further, we find that while the size of government increases the underground sector, better institutional quality reduces it. Policy implications of these findings are discussed. The spillovers from neighboring nations are especially relevant for nations that are not islands, which is true for a majority of countries around the world.
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