Settore sommerso ed equilibri multipli: uno schema analitico per il Mezzogiorno

Margherita Scarlato

Rivista di Politica Economica, 2001, vol. 91, issue 8, 37-60

Abstract: In the so-called Mezzogiorno of Italy the size of the underground economy is very large, accounting for almost two-fifth of the employment in the industrial sector. The goal of this paper is to analyse the decision process of the economic agents to migrate from the underground to the official sector in a dynamic framework with externalities and multiple equilibria. We then provide some insights that could be useful for a policy aimed to attract firms away from the shadow economy.

Date: 2001
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