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. -- Shadow economy ; OECD countries ; panel-data estimation …
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In this paper, the extent of the shadow economy in OECD countries is investigated. The estimates of the size of the shadow economy are obtained using the panel-data techniques applied to the data on 38 OECD member states over the period 1991-2007. Our estimates tend to be somewhat lower than the...
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It seems to be a trade-off between shadow economy restriction and macroeconomic repercussions. This view is expressed by (Era Dabla-Norris and Andrew Feltenstein, 2003) and is in agreement with the author of the present paper although approached in a different way. Author believes that present...
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Estimation of the activities of the informal sector in an economy poses a serious problem for obtaining a correct … has tried to solve the problem of estimation of the informal sector using the method of latent variables. The standard … approach is generally aims to estimate for a single point. The present paper aims to model the statistical estimation of …
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