The non-observed economy and economic growth: A meta-analysis

• Type: Article in International Scientific Journal
• Date: 2020

Authors

Óscar Afonso (Author) FEP; Neves, PC (Author) Other; Pinto, T (Author) Other

Journal

Title: Economic Systems

Vol. 44 No. 1

ISSN: 0939-3625

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 18 Citations

Scopus - 19 Citations

Other information

Authenticus ID: P-00R-QMX

DOI: 10.1016/j.ecosys.2020.100746

Abstract (EN): Academics, politicians, the public in general and researchers have great interest in the non-observed economy. However, there is divergence in its definition, accounting methodology and economic effects. In this paper we conduct a meta-analysis on the empirical literature that estimates the impact of the parallel economy on economic growth. We conclude that there is no publication bias and that the average effect of the parallel economy on economic growth is insignificant. However, the reported effects differ considerably with the type and number of countries included in the sample of primary studies, the structure of the data, the methodology used to measure the parallel economy, the number of citations of primary studies, and the year they were published.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 12