.... The analysis is validated by the dynamic ordinary least squares, the fully modified ordinary least squares and the canonical co-integration regression estimators. Findings The estimation result reveals that while the real estate market, outflow of money, arms procurement and size of the underground economy...

... Limited Licensed re-use rights only Shadow economy Underground economy Dirty money Tax evasion Illicit income Aluko and Bagheri (2012) investigated the impact of the economic and political system of Nigeria on money laundering. Their findings indicate that developing countries have...

...John Kwaku Amoh; Babonyire Adafula The study used time series data sourced from world development indicators and Bank of Ghana covering the period 1990-2015 to estimate tax evasion from the underground economy using an autoregressive distributed lag model drawing on the currency demand...