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The underground economy crucially affects growth and unemployment in both developed and developing countries. Nevertheless, this widespread phenomenon does not appear in the basic model for macroeconomic analysis, namely the Aggregate Demand-Aggregate Supply (or simply AD-AS) model. Therefore,...
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tax enforcement with an otherwise standard two-sector neoclassical stochastic growth model. The Bayesian estimation of the … model based on Italian data provides evidence in favor of an important underground sector in Italy, with a size that has … sensitive reduction in the size of the underground economy and positive stimulus to the regular sector that jointly increase the …
Persistent link: https://www.econbiz.de/10011734189
Peanuts, Talente oder Tiden: So oder ähnlich heißen die lokalen Währungen, die seit Mitte der neunziger Jahre in Deutschland entstanden sind. Die Mitglieder von Tauschringen nutzen sie, um Waren und Dienstleistungen auszutauschen. Ziel der Tauschringe ist es, eine neue Form erweiterter...
Persistent link: https://www.econbiz.de/10011402038
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
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
We build a general equilibrium model in which both illegal immigration and the size of the informal sector are …
Persistent link: https://www.econbiz.de/10011407708
. Tauschringe: neue Organisationen in der Schattenwirtschaft: Begriffe und Erklärungsansatz - Überlegungen zur Aktivität im …
Persistent link: https://www.econbiz.de/10001555290
impacts corruption has on the size of the shadow economy as well as on the individual sources of long-term economic growth … effect on two key areas-the capital accumulation and the labour force size. It further identifies another sector of the …
Persistent link: https://www.econbiz.de/10012483331
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