Resource title

Shadow economies and corruption all over the world: what do we really know?

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image for OpenScout resource :: Shadow economies and corruption all over the world: what do we really know?

Resource description

Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of official GDP) in 2002/03 in 96 developing countries is 38.7%, in 25 transition countries 40.1%, in 21 OECD countries 16.3% and in 3 Communist countries 22.3%. An increased burden of taxation and social security contributions, combined with labor market regulation, are the driving forces of the shadow economy. Furthermore, the results show that the shadow economy reduces corruption in high-income countries, but increases corruption in low income countries. Finally, the various estimation methods are discussed and critically evaluated.

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/10419/25851

Resource license

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