Abstract
This paper empirically examines whether devoting more resources to education can reduce the size of the shadow economy on a cross-section of countries. The findings show a negative relationship between public education expenditure and the size of the shadow economy, which is robust to the inclusion of different proxies for the control variables, a large set of policy variables, regional differences and endogeneity. The findings also emphasize the role of education, suggesting that public policies devoted to higher education level imply a decreasing effect on the shadow economy.
Lingua originale | English |
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pagine (da-a) | 527-546 |
Numero di pagine | 20 |
Rivista | International Economic Journal |
Volume | 29 |
Stato di pubblicazione | Published - 2015 |
All Science Journal Classification (ASJC) codes
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