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The nexus between unemployment rate and shadow economy : a comparative analysis of developed and developing countries using a simultaneous-equation model
Sahnoun, Marwa; Abdennadher, Chokri - 2019
This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic … suggests that there is a unidirectional and negative causality running from the unemployment rate to the shadow economy in the … shadow economy and unemployment rate. The sensitivity of the results makes the authors realize that institutional quality …
Persistent link: https://www.econbiz.de/10011998826
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Exploring legal and political-institutional determinants of the informal economy of Pakistan
Hayat, Rizwana; Rashid, Abdul - In: Cogent economics & finance 8 (2020) 1, pp. 1-18
In this paper, the size of the informal economy of Pakistan is determined by including the legal and political-institutional variables as determinants. By using the MIMIC model average estimate for the informal economy of Pakistan is 37.75 percent from 1995 to 2017. The study tries to explore...
Persistent link: https://www.econbiz.de/10012482843
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The impact of inequality on the informal economy in Latin America and the Caribbean with a MIMIC model
Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023
Vast literature is available covering main Informal Economy (IE) causes and consequences for Latin America and Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes a MIMIC Base Model using a data set composed by 41...
Persistent link: https://www.econbiz.de/10014285538
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Estimating the size of the shadow economy : methods, problems and open questions
Schneider, Friedrich; Bühn, Andreas - 2016
This paper presents various methods for estimating the size of the shadow economy and analyzes their strengths and weaknesses. The purpose of the paper is twofold. Firstly, it demonstrates that no ideal method exists to estimate the size and development of the shadow economy. Because of its...
Persistent link: https://www.econbiz.de/10011455521
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Nonlinearity between the shadow economy and level of development
Wu, Dong Frank; Schneider, Friedrich - 2019
This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. 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 GDP per capita. Our results imply that...
Persistent link: https://www.econbiz.de/10012022432
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Implausible large differences in the sizes of underground economies in highly developed European countries? : a comparison of different estimation methods
Schneider, Friedrich - 2017 - June 6, 2017 - revised version
In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...
Persistent link: https://www.econbiz.de/10011663628
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Identification of the shadow economy determinants for the Eurozone member states: application of the MIMIC model
Remeikienė, Rita; Gasparėnienė, Ligita; Chadyšas, … - In: Journal of business economics and management 19 (2018) 6, pp. 777-796
This article is aimed at identification of the shadow economy's causal factors and indicators in 19 Eurozone member states over the period from 2005 to 2016. Application of the MIMIC model has allowed to identify the following causal factors of the shadow economy in the Eurozone: employment...
Persistent link: https://www.econbiz.de/10012174961
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An analysis of the shadow economy in Malta : a currency demand and MIMIC model approach
Gauci, Tiziana Marie; Rapa, Noel - 2020
The paper applies two commonly used methods in the literature to estimate the shadow economy in Malta, the Currency Demand Approach and the Multiple Indicator Multiple Causes (MIMIC) model. Given the unobservable nature of the shadow economy, estimates are surrounded by a considerable degree of...
Persistent link: https://www.econbiz.de/10012213725
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How to define and measure informal employment in developed countries? : a case of Poland
Nikulin, Dagmara - 2016
The main aim of this article is to point out the possible measures of how to improve the study of informal employment in developed countries. We choose the case of Poland to examine whether the existing definitions and measurement methods are suitable for indicating the prevalence of informal...
Persistent link: https://www.econbiz.de/10011802281
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Sanctions and the shadow economy : empirical evidence from Iranian provinces
Farzanegan, Mohammad Reza; Hayo, Bernd - 2018
Using Iranian-province-level data from 2001-2013, this study finds that the international sanctions of 2012/2013 had a significantly stronger negative impact on the growth rate of the shadow economy than they did on the official GDP growth rate. Thus, the international sanctions on Iran have...
Persistent link: https://www.econbiz.de/10011803760