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This paper discusses a number of questions concerning the so‐called hidden economy. What is the hidden economy? How big is it? Is it really growing? Does it matter? What should we do about it? The paper is not an exhaustive survey of the literature on the hidden economy. Its objective is more modest ‐ namely to present an overview of the state of research, identify the major themes and issues and provide a framework for further work.
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Michael Carter (1984) studied this question.
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