Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73226
Authors: 
Schneider, Friedrich
Hametner, Bettina
Year of Publication: 
2007
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0703
Abstract: 
Using the currency demand approach size and development of the Colombian shadow economy are estimated over the period from 1976 to 2002. In the 70s the size fluctuated around 20% of official GDP and rose to 50% in the 90s. The most important factors driving the shadow economy are unemployment and taxation. Analyzing the interaction between shadow and official economy, the shadow economy has a positive effect on the official one. Average growth rate of real per capita GDP is 1.11% between 1976 and 2002 and the shadow economy explains on average between 0.09 and 0.27 of this growth.
Subjects: 
Colombian shadow economy
currency demand method
taxation
unemployment
interaction between the shadow and official economy
JEL: 
O17
O5
D78
H2
H11
H26
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.