New Estimates for the Shadow Economies all over the World
Author
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Schneider, Friedrich
Author
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Buehn, Andreas
Author
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Montenegro Muñoz, Claudio
Admission date
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2018-05-22T20:34:00Z
Available date
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2018-05-22T20:34:00Z
Publication date
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2010
Cita de ítem
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International Economic Journal Vol. 24, No. 4, pp. 443 - 461, 2010
es_ES
Identifier
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1016-8737
Identifier
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DOI: 10.1080/10168737.2010.525974
Identifier
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https://repositorio.uchile.cl/handle/2250/148040
Abstract
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This paper presents estimations of the shadow economies for 162 countries,
including developing, Eastern European, Central Asian, and high income OECD countries
over 1999 to 2006/2007. According to our estimations, the weighted average size of the
shadow economy (as a percentage of ‘official’ GDP) in Sub-Saharan Africa is 37.6%, in
Europe and Central Asia (mostly transition countries) 36.4% and in high income OECD
countries 13.4%. We find that an increased burden of taxation (direct and indirect ones),
combined with (labour market) regulations and the quality of public goods and services
as well as the state of the ‘official’ economy are the driving forces of the shadow
economy.