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Industry Papers on Shadow economy



Brian Sturgess on Steven D. Levitt & Stephen J. Dubner: Superfreakonomics Brian Sturgess on Steven D. Levitt & Stephen J. Dubner: Superfreakonomics

World Economics, September 2010
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Brian Sturgess on Raymond Fisman and Edward Miguel: Economic Gangsters Brian Sturgess on Raymond Fisman and Edward Miguel: Economic Gangsters

World Economics, December 2009
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Understanding Crime, Political Uncertainty and Stock Market Returns Understanding Crime, Political Uncertainty and Stock Market Returns: A case study of the Colombian stock market
Juan Carlos Franco Laverde, Maria Estela Varua & Arlene Garces-Ozanne, World Economics, June 2009
Colombia’s economy has experienced positive growth over the past few years despite the incidence of serious armed conflict in the region. However, the Colombia of today still faces a significant degree of sociopolitical instability as a result of organised crime associa ... More


Endangering the War on Terror by the War on Drugs Endangering the War on Terror by the War on Drugs
Deepak Lal, World Economics, September 2008
The century-old US War on Drugs based on supply control measures is endangering its War on Terror in Afghanistan. With opium poppy cultivation the most profitable crop available to Afghan farmers, the Taliban has been able to use the illegal profits from the trade to bu ... More


The Opium Economy: A Possible Approach to Reform The Opium Economy: A Possible Approach to Reform
Jeremy Berkoff, World Economics, December 2007
This paper reviews options for reform of the opium economy within a holistic world context, emphasising the economic forces at work at each stage of the marketing chain. Rather than choosing between prohibition and legalisation, the paper proposes an incremental approac ... More


The Nature of Corruption in Forest Management The Nature of Corruption in Forest Management
Charles Palmer, World Economics, June 2005
Corruption is a well-documented and common feature of natural resource management in the developing world. This article investigates the nature of corruption and whether or not there is such a thing as a ‘tolerable’ level of corruption, particularly where there is an es ... More


An Economic Analysis of the Mafia An Economic Analysis of the Mafia
David Maddison & Marilena Pollicino, World Economics, June 2003
This paper reviews the current economic thinking on the Mafia phenomenon. It distinguishes the Mafia from ordinary criminal gangs by the desire of the former for the exclusive right to commit criminal acts. The existence of the Mafia in particular locations at partic ... More


Measuring Global Drug Markets Measuring Global Drug Markets: How good are the numbers and why should we care about them?
Peter Reuter & Victoria Greenfield , World Economics, December 2001
The continuing demand for measures of the size of global drug revenues has produced a supply of numbers that consistently overstate international financial flows. This paper shows that, rather than $500 billion, the annual figure in trade terms may be about $25 billi ... More


Prohibition and the Market for Illegal Drugs Prohibition and the Market for Illegal Drugs: An overview of recent history
Suren Basov , Mireille Jacobson & Jeffrey A. Miron, World Economics, December 2001
Over the past 25 years in the United States, enforcement of drug prohibition has expanded dramatically. Over the same period, however, the trends in drug production and consumption have been essentially flat, and the real, purityadjusted prices of both cocaine and her ... More


What Do We Know About the Shadow Economy? What Do We Know About the Shadow Economy?: Evidence from 21 OECD countries
Friedrich Schneider, World Economics, December 2001
Estimates of the size of the shadow economy in 21 OECD countries are presented. The average size of the shadow economy (as a percentage of ‘official’ GDP) over 1999/2000 in these countries is 16.7%. The author concludes that it is the increasing burden of taxation an ... More


The Black Economy - Benefit frauds or tax evaders? The Black Economy - Benefit frauds or tax evaders?
Jim Thomas, World Economics, March 2000
One answer to the question "How Rich are We?" is to compare levels of National Income either across countries or for a single country over time. However, the relevance of this approach depends on how accurately National Income measures the output of goods and services ... More