The main aim of this theoretical paper was to show that a matching model of behavioural economics is able to shed light on important and intricate economic relationships such as those among unemployment, underground economy and growth. Precisely, it will show that in a trustful society the underground economy and unemployment are low and growth is high, whereas in a distrustful society the underground economy is high, unemployment is reduced only in the short run, and long-run growth is low.

Unemployment, underground economy and economic growth in a matching model of behavioural economics

lisi gaetano
Formal Analysis
2016-01-01

Abstract

The main aim of this theoretical paper was to show that a matching model of behavioural economics is able to shed light on important and intricate economic relationships such as those among unemployment, underground economy and growth. Precisely, it will show that in a trustful society the underground economy and unemployment are low and growth is high, whereas in a distrustful society the underground economy is high, unemployment is reduced only in the short run, and long-run growth is low.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11389/29464
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 3
  • ???jsp.display-item.citation.isi??? ND
social impact