Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/236577 
Year of Publication: 
2018
Citation: 
[Journal:] Open Economics [ISSN:] 2451-3458 [Volume:] 1 [Issue:] 1 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2018 [Pages:] 1-29
Publisher: 
De Gruyter, Warsaw
Abstract: 
This paper presents various methods used for estimating the size of the shadow economy. Each method is evaluated and its strengths and weaknesses are discussed, as well as results each method yields. The purpose of the paper is threefold: Firstly, to demonstrate that there is no single infallible method for estimating the size and development of the shadow economy and results can differ significantly between different approaches. The MIMIC approach, discussed in greater detail, is often used due to its flexibility. Secondly, the paper discusses the very definition of the shadow economy and factors contributing to its growth. Finally, latest estimations of the size of the shadow economies of 143 countries over the period 1996 to 2014 are presented.
Subjects: 
shadow economy estimates
MIMIC approach
methods to estimate the shadow economy
advantages and disadvantages of the methods
MIMIC-method
calibration procedure
light intensity approach
JEL: 
D78
E26
H2
H11
H26
K42
O05
O17
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
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