Shadow Economy And Unemployment Rate In U.S.A. Is There A Structural Relationship? An Empirical Analysis
Abstract: This paper aims to estimate the size of the U.S. shadow economy (SE) using a Structural Equation Approach and to evaluate if a structural relationship exists between the SE and the unemployment rate (UR) in the United States. The size of the SE is estimated to be decreasing over the last two decades. We corroborate the existence of a structural relationship between the shadow economy and the unemployment rate by using a simple theoretical model. Furthermore, we extend the Okun’s law to estimate the structural relationship between growth rate of official GDP, SE and UR. Our results indicate a significant positive relationship between the SE and the UR
- Standort
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Deutsche Nationalbibliothek Frankfurt am Main
- Umfang
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Online-Ressource
- Sprache
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Englisch
- Anmerkungen
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Postprint
begutachtet (peer reviewed)
In: Applied Economics ; 40 (2008) 19 ; 2537-2555
- Klassifikation
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Wirtschaft
- Ereignis
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Veröffentlichung
- (wo)
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Mannheim
- (wann)
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2008
- Urheber
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Dell'Anno, Roberto
Solomon, Offiong Helen
- DOI
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10.1080/00036840600970195
- URN
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urn:nbn:de:0168-ssoar-240370
- Rechteinformation
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Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Letzte Aktualisierung
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14.08.2025, 10:45 MESZ
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Beteiligte
- Dell'Anno, Roberto
- Solomon, Offiong Helen
Entstanden
- 2008
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