Explaining The Shadow Economy In Europe Size Causes And Policy Options


Explaining The Shadow Economy In Europe Size Causes And Policy Options
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Explaining The Shadow Economy In Europe Size Causes And Policy Options


Explaining The Shadow Economy In Europe Size Causes And Policy Options
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Author : Mr.Ben Kelmanson
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-13

Explaining The Shadow Economy In Europe Size Causes And Policy Options written by Mr.Ben Kelmanson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-13 with Business & Economics categories.


This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow economy size are regulatory quality, government effectiveness, and human capital. The paper argues that a comprehensive package of reforms, focused on country-specific drivers, is needed to successfully combat the shadow economy. The menu of policies most relevant for Europe’s emerging economies include: reducing regulatory and administrative burdens, promoting transparency and improving government effectiveness, as well as improving tax compliance, automating procedures, and promoting electronic payments.



The Shadow Economy


The Shadow Economy
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Author : Friedrich Schneider
language : en
Publisher: Cambridge University Press
Release Date : 2013-02-14

The Shadow Economy written by Friedrich Schneider and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-14 with Business & Economics categories.


This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.



Explaining The Shadow Economy In Europe Size Causes And Policy Options


Explaining The Shadow Economy In Europe Size Causes And Policy Options
DOWNLOAD

Author : Mr.Ben Kelmanson
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-13

Explaining The Shadow Economy In Europe Size Causes And Policy Options written by Mr.Ben Kelmanson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-13 with Business & Economics categories.


This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow economy size are regulatory quality, government effectiveness, and human capital. The paper argues that a comprehensive package of reforms, focused on country-specific drivers, is needed to successfully combat the shadow economy. The menu of policies most relevant for Europe’s emerging economies include: reducing regulatory and administrative burdens, promoting transparency and improving government effectiveness, as well as improving tax compliance, automating procedures, and promoting electronic payments.



The Shadow Economy


The Shadow Economy
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Author : Friedrich Schneider
language : en
Publisher: Cambridge University Press
Release Date : 2013-02-14

The Shadow Economy written by Friedrich Schneider and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-14 with Business & Economics categories.


Illicit work, social security fraud, economic crime and other shadow economy activities are fast becoming an international problem. This second edition uses new data to reassess currency demand and the model approach to estimate the size of the shadow economy in 151 developing, transition, and OECD countries. This updated edition argues that during the 2000s the average size of the shadow economy varied from 19 per cent of GDP for OECD countries, to 30 per cent for transition countries, to 45 per cent for developing countries. It examines the causes and consequences of this development using an integrated approach to explain deviant behaviour that combines findings from economic, sociological, and psychological research. The authors suggest that increasing taxation and social security contributions, rising state regulatory activities, and the decline of the tax morale are all driving forces behind this growth, and they propose a reform of state public institutions in order to improve the dynamics of the official economy.



Shadow Economies Around The World


Shadow Economies Around The World
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Author : Mr.Friedrich Schneider
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2000-01-01

Shadow Economies Around The World written by Mr.Friedrich Schneider and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.


This paper presents estimates of the size of the shadow economy in 76 developing, transition, and OECD countries, which are derived by combining figures from different estimation methods. We describe and discuss the strengths and weaknesses of the different estimation methods. We find that the growth of the shadow economy—which is now remarkably large in the 76 countries—is strongly related to increasing burdens of taxation and social security contributions, as well as to the extent of state regulatory activities. Rising corruption also has a clearly positive impact on the growth of the shadow economy.



The Shadow Economy A Critical Analysis


The Shadow Economy A Critical Analysis
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Author : Dennis Ducke
language : en
Publisher: GRIN Verlag
Release Date : 2010-02

The Shadow Economy A Critical Analysis written by Dennis Ducke and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02 with categories.


Seminar paper from the year 2008 in the subject Business economics - General, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: According to the "Focus" magazine approximately 13 million Germans contributed to the shadow economy in 2006! The estimations of Friedrich Schneider, one distinguished expert in this area, showed that the extent of the shadow economy in Germany in 2007 was about 349 billion Euros, which equals to 14.7 percent of Germany's gross domestic product (GDP)! The scope of the present assignment is to provide an all-embracing and critical overview of the shadow economy, to introduce the main causes, effects and dimensions of the shadow economy and to find answer the question how shadow activities can be limited. In this context the hidden sector can be defined as all economic activities that are not recorded in the national accounts, but normally should be a part of them and be included in GDP. These actions can be on the one hand absolutely legal in the self-sufficient economy like do-it-your-self, neighbourhood help, but on the other hand completely illegal activities like dealing with drugs and smuggling as well as legal activities, which are illegally being carried out, e.g. tax evasion or illicit work. The main and most vital reasons for the existence and constant growth of the shadow economy are high taxes or social security contributions burden and the intensity of state regulations. But also sociological-psychological causes like subjective perception of tax burden, falling society values, a bad tax morale and declining loyalty towards the state can have a tremendous impact on the size of the hidden economy. But is the shadow economy a threat to the official sector? At first glance, the question whether the shadow economy is dangerous might appear strange. However, there are several controversial opinions about this matter. The analysis of the effects caused by the existence and the growth of the shadow economy i



Shadow Economies Around The World What Did We Learn Over The Last 20 Years


Shadow Economies Around The World What Did We Learn Over The Last 20 Years
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Author : Leandro Medina
language : en
Publisher: International Monetary Fund
Release Date : 2018-01-25

Shadow Economies Around The World What Did We Learn Over The Last 20 Years written by Leandro Medina and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-25 with Business & Economics categories.


We undertake an extended discussion of the latest developments about the existing and new estimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over 1991 to 2015. Strengths and weaknesses of these methods are assessed and a critical comparison and evaluation of the methods is carried out. The average size of the shadow economy of the 158 countries over 1991 to 2015 is 31.9 percent. The largest ones are Zimbabwe with 60.6 percent, and Bolivia with 62.3 percent of GDP. The lowest ones are Austria with 8.9 percent, and Switzerland with 7.2 percent. The new methods, especially the new macro method, Currency Demand Approach (CDA) and Multiple Indicators Multiple Causes (MIMIC) in a structured hybrid-model based estimation procedure, are promising approaches from an econometric standpoint, alongside some new micro estimates. These estimations come quite close to others used by statistical offices or based on surveys.



Hiding In The Shadows


Hiding In The Shadows
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Author : Friedrich Schneider
language : en
Publisher: International Monetary Fund
Release Date : 2002-04-16

Hiding In The Shadows written by Friedrich Schneider and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04-16 with Business & Economics categories.


Based on IMF working paper 00/26, "Shadow Economies Around the World: Size, Causes, and Consequences," February 2000.



The Global Informal Workforce


The Global Informal Workforce
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-23

The Global Informal Workforce written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-23 with Business & Economics categories.


The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.



The Long Shadow Of Informality


The Long Shadow Of Informality
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Author : Franziska Ohnsorge
language : en
Publisher: World Bank Publications
Release Date : 2022-02-09

The Long Shadow Of Informality written by Franziska Ohnsorge and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-09 with Business & Economics categories.


A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.