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Explaining the shadow economy in Europe : size, causes and policy options
Kelmanson, Ben; Kirabaeva, Koralai; Medina, Leandro; … - 2019
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...
Persistent link: https://www.econbiz.de/10012155041
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Nonlinearity between the shadow economy and level of development
Wu, Dong; Schneider, Friedrich - 2019
This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and...
Persistent link: https://www.econbiz.de/10012009455
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Shadow Economies Around the World : Size, Causes, and Consequences
Schneider, Friedrich - 2000
are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses … of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the …
Persistent link: https://www.econbiz.de/10014399609
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Shadow economies around the World : what did we learn over the last 20 years?
Medina, Leandro; Schneider, Friedrich - 2018
We undertake an extended discussion of the latest developments about the existing and new estimation methods of the … shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015 … Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric …
Persistent link: https://www.econbiz.de/10011799256
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Measuring the Informal Economy in the Caucasus and Central Asia
Abdih, Yasser - 2013
This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional...
Persistent link: https://www.econbiz.de/10014395161
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The informal economy in Sub-Saharan Africa : size and determinants
Medina, Leandro; Jonelis, Andrew; Cangul, Mehmet - 2017
suggest that informal economy in Sub-Saharan Africa remains among the largest in the world, although this share has been very …
Persistent link: https://www.econbiz.de/10011705043
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Comprehensive Measures of GDP and the Unrecorded Economy
Shrestha, Manik L. - 2000
Comprehensive coverage of national accounts estimates is important; however, it is often thwarted by gaps in the recording of economic activity – the so-called “unrecorded economy”. This paper sets out pragmatic statistical approaches for incorporating the unrecorded economy in the...
Persistent link: https://www.econbiz.de/10014400243
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Trade linkages and international business cycle comovement : evidence from Korean industry data
Lee, Dongyeol - 2019
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012022016
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Macroeconomic consequences of tariffs
Furceri, Davide; Ahmed Hannan, Swarnali; Ostry, … - 2019
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012001500
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Effective trade costs and the current account : an empirical analysis
Boz, Emine; Li, Nan; Zhang, Hongrui - 2019
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519