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Payment innovations, the shadow economy and cash demand of households in euro area countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …

Persistent link: https://www.econbiz.de/10012291866

Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the … cash demand equation including the shadow economy. …

Persistent link: https://www.econbiz.de/10011872942

Do different estimation methods lead to implausible differences in the size of the non-observed or shadow economies? : a preliminary answer

Schneider, Friedrich - 2021

In this paper, first, six micro (4) and macro (2) estimation approaches are briefly described; they are the National Accounts Statistics discrepancy method and two new micro survey methods, a third one using a combination of company manager surveys and their knowledge to calibrate the size of the...

Persistent link: https://www.econbiz.de/10012692218

Shedding light on the shadow economy : a global database and the interaction with the official one

Medina, Leandro; Schneider, Friedrich - 2019 - 2nd version

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/10012138830

Wages, unemployment, and the underground economy

Kolm, Ann-Sofie; Larsen, Birthe - 2003

While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers search for jobs in both the formal and the informal sector. We...

Persistent link: https://www.econbiz.de/10011404626

Size and development of the shadow economy and of do-it-yourself activities in Germany

Bühn, Andreas (contributor); Karmann, Alexander (contributor) - 2007

Persistent link: https://www.econbiz.de/10003498737

Pollution, shadow economy and corruption : theory and evidence

Biswas, Amit K.; Farzanegan, Mohammad Reza; Thum, Marcel - 2011

We study how the shadow economy affects pollution and how this effect depends on corruption levels in public administration. Production in the shadow economy allows firms to avoid environmental regulation policies; a large informal sector may be accompanied by higher pollution levels. Our...

Persistent link: https://www.econbiz.de/10009375247

Exploring the dark side of tax policy : an analysis of the interactions between fiscal illusion and the shadow economy

Bühn, Andreas; Dell' Anno, Roberto; Schneider, Friedrich - 2015

This paper presents an empirical analysis of the relationship between fiscal illusion and the shadow economy for 104 countries over the period 1989-2009. We argue that both unobservable phenomena are closely linked to each other, as the creation of a fiscal illusion may be helpful if governments...

Persistent link: https://www.econbiz.de/10011305420

Robust determinants of the shadow economy : an international comparison

Goel, Rajeev K.; Nelson, Michael A. - 2016

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 economy and address modeling uncertainty. We find...

Persistent link: https://www.econbiz.de/10011457984

Insiders, outsiders, and the underground economy

Anderberg, Dan - 2003

This paper considers whether labour market rigidities lead to more underground economic activities. This is suggested by aggregate cross-country data which show that underground economic activities are more strongly correlated with a commonly used index of employment protection than with...

Persistent link: https://www.econbiz.de/10011509501

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