Asllani, Alban; Tzivanakis, Nikolaos; Schneider, Friedrich - 2023
We investigate the size and trends of the informal economy (IE) in ten Balkan nations from 1996-2021 using the MIMIC model. Our findings reveal a consistent decline in the IE in our sample, albeit it remains substantial, exceeding 29% (of GDP) in 2021. We also explore the impact of the COVID-19...