It takes the average reader and 14 minutes to read Inclusive Growth, Institutions, and the Underground Economy by Mr. Adil Mohommad
Assuming a reading speed of 250 words per minute. Learn more
Worldwide protests against the perceived lack of economic opportunity and failure of governance have refocused attention on the need for inclusive growth and strong institutions. In developing countries, large informal economies limit state capacity to deliver governance and strong institutions, which in turn discourages participation in and expansion of the formal economy. This paper analyzes the determinants of the underground economy, with particular emphasis on the role of institutions and the rule of law. We find that when businesses are faced with onerous regulation, inconsistent enforcement and corruption, they have an incentive to hide their activities in the underground economy. Empirical analysis suggests that institutions are a more important determinant of the size of the underground economy than tax rates.
Inclusive Growth, Institutions, and the Underground Economy by Mr. Adil Mohommad is 14 pages long, and a total of 3,556 words.
This makes it 5% the length of the average book. It also has 4% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 19 minutes to read Inclusive Growth, Institutions, and the Underground Economy aloud.
Inclusive Growth, Institutions, and the Underground Economy is suitable for students ages 6 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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