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What is the Shadow Economy?
HI How Large is the Shadow Economy? Findings for 76 Countries
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assumption Austria Bruno calculations causes ceteris paribus corruption currency demand approach currency demand function currency demand method Denmark developing countries direct tax econometric economic growth Economy in percent economy labor force effects electricity consumption equation expenditure factors Feige former Soviet Union Frey and Pommerehne Germany Giles Hidden Economy higher Hofreither indicators indirect tax burden informal sector Italy Johnson Kaufrnann Lacko Laffer curve largest shadow economies Lippert and Walker Loayza macroeconomic marginal tax rate measure MIMIC approach monetary Norway OECD countries official economy official GDP overall percent of GDP percentage points period physical input electricity Pommerehne 1984 Pozo ratio Schneider 1994a shadow economy activities shadow economy labor Shleifer social security Soviet Union statistics studies survey Table Tanzi tax compliance tax evasion tax system taxation theoretical transactions transition countries U.S. dollar Underground Economy underground labor United unobserved variable velocity velocity of money Weck-Hannemann 1984 Zoido-Lobaton 1998a