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Shadow Economies Around the WorldWhat Did We Learn Over the Last 20 Years?

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dc.contributor.eventThe Economics of Informality Conference 2018spa
dc.creatorMedina, Leandro
dc.date.accessioned2018-08-03T17:06:00Z
dc.date.available2018-08-03T17:06:00Z
dc.date.created2018-05-29
dc.date.issued2018
dc.description.abstractWe undertake an extended discussion of the latest developments about the existingand newestimation methods of the shadow economy. New results on the shadow economy for 158 countries all over the world are presented over1991 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 31.9percent. The largest onesare Zimbabwe with 60.6percent,andBolivia with 62.3percent of GDP. The lowest ones are Austria with 8.9percent, and Switzerland with 7.2percent. 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 toothers used by statistical offices or based on surveys.eng
dc.format.mimetypeapplication/pdf
dc.identifier.doihttps://doi.org/10.48713/10336_18259
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/18259
dc.language.isoeng
dc.publisher.otherUniversidad del Rosario. Facultad de Economíaspa
dc.rightsAtribución-NoComercial-CompartirIgual 2.5 Colombiaspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/2.5/co/
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subjectMercado negrospa
dc.subjectEconomía informalspa
dc.subjectEncuestaspa
dc.subjectMúltiples Causas y Múltiples Indicadoresspa
dc.subject.ddcProducción
dc.subject.keywordShadow economyeng
dc.subject.keywordInformal economyeng
dc.subject.keywordSurveyeng
dc.subject.keywordMultiple Indicators Multiple Causes (MIMIC)eng
dc.subject.keywordComparison of Different Estimation Methodseng
dc.subject.keywordThe light intensity approacheng
dc.subject.keywordPredictive Mean Matching (PMM)eng
dc.subject.lembMercado negrospa
dc.subject.lembEconomía informalspa
dc.subject.lembCongresos, conferencias, etc.spa
dc.titleShadow Economies Around the WorldWhat Did We Learn Over the Last 20 Years?spa
dc.typeconferenceObjecteng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaDocumento de conferenciaspa
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The Economics of Informality Conference 2018