Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/130431
Authors: 
Schneider, Friedrich
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5818
Abstract: 
This comment provides a reply to Prof. Feige’s paper with the title “Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the ‘Shadow Economy’?”, in which Prof. Feige heavily criticizes me. I show that the same critique which Prof. Feige raises against me can be put forward to his results on the non-observed economy. Moreover, I show that my dataset is appropriately documented and I also address the problem of calibration and normalization issues when undertaking a MIMIC estimation. In the concluding chapter I suggest that a joint paper should be written in which all the pros and cons of each method of estimating the size and development of the non-observed/shadow economy are presented and criticized.
Subjects: 
shadow economy
non-observed economy or income
macro approaches
MIMIC and currency demand approach
JEL: 
C51
C82
E26
E41
H26
K42
O17
Document Type: 
Working Paper

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