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dc.contributor.authorBühn, Andreasen_US
dc.contributor.authorSchneider, Friedrich G.en_US
dc.date.accessioned2008-02-14en_US
dc.date.accessioned2009-07-28T08:29:30Z-
dc.date.available2009-07-28T08:29:30Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/26245-
dc.description.abstractThe analysis of economic loss attributed to the shadow economy has attracted much attention in recent years by both academics and policy makers. Often, multiple indicators multiple causes (MIMIC) models are applied to time series data estimating the size and development of the shadow economy for a particular country. This type of model derives information about the relationship between cause and indicator variables and a latent variable, here the shadow economy, from covariance structures. As most macroeconomic variables do not satisfy stationarity, long run information is lost when employing first differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction short run dynamics, thereby retaining information for the long run. Using France as our example, we demonstrate that this approach allows researchers to obtain more accurate estimates about the size and development of the shadow economy.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2200en_US
dc.subject.jelO17en_US
dc.subject.jelO5en_US
dc.subject.jelD78en_US
dc.subject.jelH2en_US
dc.subject.jelH11en_US
dc.subject.jelH26en_US
dc.subject.ddc330en_US
dc.subject.keywordshadow economyen_US
dc.subject.keywordtax burdenen_US
dc.subject.keywordregulationen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordcointegrationen_US
dc.subject.keyworderror correction modelsen_US
dc.subject.keywordMIMIC modelsen_US
dc.subject.stwSchattenwirtschaften_US
dc.subject.stwSteuerbelastungen_US
dc.subject.stwRegulierungen_US
dc.subject.stwKointegrationen_US
dc.subject.stwFehlerkorrekturmodellen_US
dc.subject.stwSchätzungen_US
dc.subject.stwFrankreichen_US
dc.titleMIMIC models, cointegration and error correction: an application to the French shadow economyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558347045en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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