The non-observed economy and economic growth: A meta-analysis

Afonso, Óscar; Neves, Pedro Cunha; Pinto, Tiago

doi:10.1016/j.ecosys.2020.100746

Cited by 23 publications

(8 citation statements)

References 64 publications

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“…The macro‐econometric approach has probably been the most fast‐growing strand in the literature on IE in the last 20 years (e.g., Afonso et al., 2020; Dell'Anno, 2007; Elgin & Ertuk, 2019; Feld & Schneider, 2010; Gërxhani, 2004a; Goel & Nelson, 2016; Jessen & Kluve, 2021; La Porta & Shleifer, 2014; Loayza, 2018; Medina & Schneider, 2018; Ohnsorge & Yu, 2021; Schneider, 2011; Schneider & Buehn, 2017; Schneider & Enste, 2000; Schneider & Williams, 2013; Ulyssea, 2020). One of the reasons for this success is the relatively recent abundance of estimates of the size of informal GDP.…”

Section: Theories Of Informalitymentioning

confidence: 99%

“…(2021) on the relationship between informality and business cycle; Afonso et al. (2020) on the link with economic growth; Bonnet and Venkatesh (2016) on poverty; Chong and Gradstein (2007) and Dell'Anno (2021b) on inequality; Capasso & Jappelli (2013) on financial development; Dreher and Schneider (2010) and Goel and Saunoris (2014) on the relationship between IE and corruption.…”

Section: Theories Of Informalitymentioning

confidence: 99%

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Theories and definitions of the informal economy: A survey

Dell’Anno

2021

Journal of Economic Surveys

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This paper surveys the literature on the definitions and theories of the informal economy (IE). It outlines the main differences in the definitional approaches of informality and proposes a definition for the IE that may be consistent with measurement and policy. The literature review distinguishes three, not mutually exclusive, approaches to the IE: the "neoclassical," the "macroeconometric," and the "conceptual" perspectives. I conclude the survey by outlining a framework that points out the main differences and similarities among the schools of thought on the nature of the IE. From a normative perspective, a leading recommendation emerges: a "one-size-fits-all" policy response is inadequate to deal with the heterogeneous nature of the IE. Policy measures should be tailored around the distinct segments of the IE grounded in terms of characteristics, contexts, and needs of the informal units.

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Section: Theories Of Informalitymentioning

confidence: 99%

Section: Theories Of Informalitymentioning

confidence: 99%

Theories and definitions of the informal economy: A survey

Dell’Anno

2021

Journal of Economic Surveys

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“…Economic growth determinants have been the focus of a considerable number of high-quality reviews/overviews (Afonso et al, 2020; Badassa et al, 2020; Burke et al, 2018; Cazachevici et al, 2020; Colagrossi et al, 2020; Nagarajan et al, 2017; Škare & Hasić, 2016; Stanley et al, 2018; Rickman & Wang, 2020; Urbano et al, 2019). Literature reviews can be categorized into two main groups (see Snyder, 2019): (a) narrative (Table 1) and (b) systematic (Table 2).…”

Section: Literature Reviews Addressing Economic Growth Determinants: ...mentioning

confidence: 99%

“…Given doubts regarding the scientific attention economic growth scholars have devoted to the case of EEs, in particular, the potential discrepancies between Asian and Latin American EEs, it seems useful to take a thorough account of this stream of literature. Although there are a few recent meta-analysis studies addressing economic growth, these contributions have focused on specific determinants, namely financial development (Bijlsma et al, 2018), remittances (Cazachevici et al, 2019), and effects of a parallel economy (Afonso et al, 2020). To date, and to the best of our knowledge, a comprehensive, quantitative-based literature survey in economic growth is yet to be conducted.…”

Section: Introductionmentioning

confidence: 99%

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

Doré

Teixeira

2021

Global Journal of Emerging Market Economies

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The factors required to achieve sustainable economic growth in a country are debated for decades, and empirical research in this regard continues to grow. Given the relevance of the topic and the absence of a comprehensive, systematic literature review, we used bibliometric techniques to examine and document several aspects in the empirical literature related to growth, from 1991 to 2020. Five main results are worth highlighting: (a) the share of empirical articles on economic growth show a clear upward trend; (b) among all the groups of countries considered, the emerging economies (EEs) have received the most scientific attention; (c) the economic growth processes of the Latin American and Caribbean EEs have observed negligible scientific attention; (d) the very long-run studies comprise a residual share among the empirical literature on growth; (e) the extant empirical studies on economic growth have addressed mainly the impact of “macroeconomic conditions.” Our findings suggest there is a need to redirect the empirical growth agenda, so as to encourage more scientific attention devoted to the analysis of key determinants of economic growth in the very long run. There should also be increased scrutiny of the processes of economic growth in Latin American and Caribbean EEs

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“…This method has been quite well developed in both health and social science research. Several studies have applied this method to identify the variables which affect economic growth; examples of such studies include (Afonso et al 2020 ; Benos and Zotou 2014 ; Longhi et al 2010 ; Nijkamp and Poot 2004 ; Ridhwan et al 2010 ; Nunkoo et al 2020 ; Valickova et al 2014 ). This development not only has provided much empirical evidence in the economic literature but also has stimulated more systematics in quantitative comparative research.…”

Section: Introductionmentioning

confidence: 99%

The effect of health on economic growth: a meta-regression analysis

et al. 2022

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The main objective of this study is to examine the effect of health on economic growth based on 719 estimates obtained from 64 studies from all over the world. We find evidence of a publication bias towards a positive estimated effect of health on economic growth. After accounting for heterogeneity of the estimates, we show that health has a genuine positive effect on economic growth. Less developed countries seem to enjoy a higher effect of health on growth driven by the ongoing economic–demographic transition in those countries. The variation of the health effect on economic growth is also influenced by the available data, estimation procedure, model specification, publication channel, and country characteristics in each study. Studies that do not account for endogeneity seem to create an upward bias. Studies with more comprehensive variables seem to increase the estimated effect of health on growth. A higher number of years of compulsory education, longer working experience, and more favourable environmental conditions also increase the effect size. Overall, our results confirm the key role of the health factor in explaining economic growth across countries.

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The non-observed economy and economic growth: A meta-analysis

Cited by 23 publications

References 64 publications

Theories and definitions of the informal economy: A survey

Theories and definitions of the informal economy: A survey

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

The effect of health on economic growth: a meta-regression analysis

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