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Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions

Turkish Economic Review

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Title Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions
 
Creator SCHNEIDER, Friedrich; Department of Economics, Johannes Kepler University of Linz, Altenberger Strasse 69, A-4040 Linz-Auhof, Austria. Phone: +43-732-2468-7340, Fax: +43-732-2468-7341, E-mail: friedrich.schneider@jku.at, www.econ.jku.at/Schneider
 
Subject Shadow economy estimates; MIMIC approach; Methods to estimate the shadow economy; Advantages and disadvantages of the measurement methods.
D78; E26; H20; H11; H26; K42; O50; O17.
 
Description Abstract. 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 flexibility, the MIMIC method used to get macro-estimates of the size of the shadow economy is discussed in greater detail. Secondly, the paper focuses on the definition and causal factors of the shadow economy and provides a comparison of the size of the shadow economy using different estimation methods.Keywords. Shadow economy estimates, MIMIC approach, Methods to estimate the shadow economy, Advantages and disadvantages of the measurement methods.JEL. D78, E26, H2, H11, H26, K42, O5, O17.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor
 
Date 2016-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/832
10.1453/ter.v3i2.832
 
Source Turkish Economic Review; Vol 3, No 2 (2016): June; 256-280
Turkish Economic Review; Vol 3, No 2 (2016): June; 256-280
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/832/886
 
Rights Copyright (c) 2016 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0