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The analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for...
Persistent link: https://www.econbiz.de/10013316608
controlling country and year fixed effects, other determinants of tax revenues and using a dynamic model …
Persistent link: https://www.econbiz.de/10012840215
Using the multiple indicator-multiple cause (MIMIC) approach, this paper generates a novel global database by estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by far the lowest with values below 20% of off official GDP...
Persistent link: https://www.econbiz.de/10012857902
Adding to the emerging body of research related to the current coronavirus crisis, this paper studies the impact of disease epidemics on the worldwide prevalence of the shadow or the underground economy. The informal sector undermines compliance with government regulations and lowers tax...
Persistent link: https://www.econbiz.de/10012828116
Anti-money laundering regulations have been centred on the Know-Your-Customer rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...
Persistent link: https://www.econbiz.de/10010291661
The shadow economy has long been an area of research for policymakers. The determinants of underground activity of late …
Persistent link: https://www.econbiz.de/10011584933
In this short paper an attempt is undertaken to calculate the tax losses which result from shadow economy activities in a country. These calculations are done for the 28 EU countries, for 3 non-EU countries and for 2 other highly-developed OECD countries. The total tax losses over all 28...
Persistent link: https://www.econbiz.de/10011431183
issues when undertaking a MIMIC estimation. In the concluding chapter I suggest that a joint paper should be written in which …
Persistent link: https://www.econbiz.de/10011451424
To synthesize the literature on determinants of the shadow economy, this paper uses three cross-national shadow economy … measures and employs numerous determinants over hundreds of model combinations to identify robust determinants of the shadow …
Persistent link: https://www.econbiz.de/10011480456
In this paper, first, six micro (4) and macro (2) estimation approaches are briefly described; they are the National …. Second, a detailed comparison of the results of four micro estimation methods with the macro MIMIC method are presented. One … about the reasons that individuals work in the shadow economy, and which estimation methods are best suited to apply this …
Persistent link: https://www.econbiz.de/10012799734