Ishak, Phoebe W.; Farzanegan, Mohammad Reza - 2020 - This version: 17.02.2020
We study the association between oil rents and tax revenues, highlighting the importance of the shadow economy as a … associated with the tax revenues in a country with a moderate size of shadow economy. Declining oil rents may not lead to higher … tax efforts of the state if the shadow economy is sizable. Using a sample of 124 countries from 1991 to 2015, our panel …