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Macroeconomic Implications of the Underground Sector: Challenging the Double Business Cycle Approach

Granda Carvajal, Catalina - Department of Economics, University of Connecticut - 2011

Within the literature on business cycles featuring shadow economic activities, there is an approach based on the arguable premise that fluctuations in the official and unofficial sectors are negatively correlated. The present paper develops a real business cycle model that does not impose such...

Persistent link: https://www.econbiz.de/10009151644

America’s Underground Economy: Measuring the Size, Growth and Determinants of Income Tax Evasion in the U.S

Feige, Edgar L.; Cebula, Richard - Volkswirtschaftliche Fakultät, … - 2011

effective federal income tax rate, the unemployment rate, public dissatisfaction with government, and per capita real GDP …

Persistent link: https://www.econbiz.de/10008871205

Measuring the underground economy with the currency demand approach: a reinterpretation of the methodology, with an application to Italy

Ardizzi, Guerino; Petraglia, Carmelo; Piacenza, Massimiliano - Banca d'Italia - 2012

We contribute to the debate on how to assess the size of the underground or shadow economy with a reinterpretation of the traditional Currency Demand Approach (CDA) ï¿½ la Tanzi. We introduce three main innovations. First, we take as dependent variable in the money demand equation a direct...

Persistent link: https://www.econbiz.de/10011099617

Tackling the Undeclared Economy in Croatia

Baric, Marijana; Williams, Colin C. - In: South-Eastern Europe Journal of Economics 11 (2013) 1, pp. 7-36

To evaluate how undeclared work is being tackled in Croatia this paper reports an e-survey and in-depth interviews with key stakeholders in Croatia. It is revealed that, compared with the European Economic Area countries, Croatia has a weak institutional infrastructure for tackling undeclared...

Persistent link: https://www.econbiz.de/10011165247

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

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

Moving towards "cashlessness" in an emerging economy : a case study of latest policy steps in India

Dasgupta, Manjira - 2017

On November 08, 2016, India took a decisive step towards going "cashless" by suddenly announcing withdrawal of its existing currency notes of two highest denominations, namely, the Rs. 500/= and the Rs. 1000/=. The move, announced with a suddenness that took the entire nation by surprise, had at...

Persistent link: https://www.econbiz.de/10011731447

The Underground Economy in a Matching Model of Endogenous Growth

Pugno, Maurizio - 2010

A matching model will explain both unemployment and economic growth by considering the underground sector. Three … between underground employment and unemployment, and (iii) between growth and unemployment. The key assumptions adopted are … underground firms, employ unskilled labour, and do not contribute to growth. Underground employment alleviates unemployment only …

Persistent link: https://www.econbiz.de/10013135003

Entrepreneurship and the Hidden Economy : An Extended Matching Model

Lisi, Gaetano; Pugno, Maurizio - 2009

This paper develops a standard matching model to address the problem of the hidden sector, as it is characterised in Italy, i.e. framed in a rather advanced economic and institutional setting, but also linked to the socio-economic regional dualism. The main novel features of the model are that...

Persistent link: https://www.econbiz.de/10014206187

The unemployment volatility puzzle: the role of the underground economy

Lisi, Gaetano - Volkswirtschaftliche Fakultät, … - 2010

matching model, thus providing a possible explanation for the unemployment volatility puzzle. …

Persistent link: https://www.econbiz.de/10008506117