Resource title

Shadow Economies around the World: What do we really know?

Resource image

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Resource description

Using the DYMIMIC approach, estimates of the shadow economy in 110 developing, transition and developed OECD countries are presented. The average size of the shadow economy (in percent of official GDP) over 1999-2000 in developing countries is 41%, in transition countries 38% and in OECD countries 17%. An increasing burden of taxation and social security contributions are the driving forces of the shadow economy. If the shadow economy increases by one percent the growth rate of the ?official? GDP of a developing (of a developed and/or transition) country decreases by 0.6% (increases by 0.8 and 1.0% respectively).

Resource author

Friedrich G. Schneider

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21855

Resource license

Adapt according to the presented license agreement and reference the original author.