New Estimates for the Shadow Economies All over the World

This paper presents estimations of the shadow economies for 162 countries, including developing, Eastern European, Central Asian, and high income OECD countries over 1999 to 2006/2007. According to our estimations, the weighted average size of the shadow economy (as a percentage of 'official�...

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Main Authors:	Schneider, Friedrich, Buehn, Andreas, Montenegro, Claudio E.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Informal Economy Underground Economy E260 Structure, Scope, and Performance of Government H110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
Online Access:	http://hdl.handle.net/10986/4929

id	okr-10986-4929
recordtype	oai_dc
spelling	okr-10986-49292021-04-23T14:02:20Z New Estimates for the Shadow Economies All over the World Schneider, Friedrich Buehn, Andreas Montenegro, Claudio E. Informal Economy Underground Economy E260 Structure, Scope, and Performance of Government H110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 This paper presents estimations of the shadow economies for 162 countries, including developing, Eastern European, Central Asian, and high income OECD countries over 1999 to 2006/2007. According to our estimations, the weighted average size of the shadow economy (as a percentage of 'official' GDP) in Sub-Saharan Africa is 37.6%, in Europe and Central Asia (mostly transition countries) 36.4% and in high income OECD countries 13.4%. We find that an increased burden of taxation (direct and indirect ones), combined with (labour market) regulations and the quality of public goods and services as well as the state of the 'official' economy are the driving forces of the shadow economy. 2012-03-30T07:30:26Z 2012-03-30T07:30:26Z 2010 Journal Article International Economic Journal 10168737 http://hdl.handle.net/10986/4929 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Informal Economy Underground Economy E260 Structure, Scope, and Performance of Government H110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
spellingShingle	Informal Economy Underground Economy E260 Structure, Scope, and Performance of Government H110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Schneider, Friedrich Buehn, Andreas Montenegro, Claudio E. New Estimates for the Shadow Economies All over the World
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper presents estimations of the shadow economies for 162 countries, including developing, Eastern European, Central Asian, and high income OECD countries over 1999 to 2006/2007. According to our estimations, the weighted average size of the shadow economy (as a percentage of 'official' GDP) in Sub-Saharan Africa is 37.6%, in Europe and Central Asia (mostly transition countries) 36.4% and in high income OECD countries 13.4%. We find that an increased burden of taxation (direct and indirect ones), combined with (labour market) regulations and the quality of public goods and services as well as the state of the 'official' economy are the driving forces of the shadow economy.
format	Journal Article
author	Schneider, Friedrich Buehn, Andreas Montenegro, Claudio E.
author_facet	Schneider, Friedrich Buehn, Andreas Montenegro, Claudio E.
author_sort	Schneider, Friedrich
title	New Estimates for the Shadow Economies All over the World
title_short	New Estimates for the Shadow Economies All over the World
title_full	New Estimates for the Shadow Economies All over the World
title_fullStr	New Estimates for the Shadow Economies All over the World
title_full_unstemmed	New Estimates for the Shadow Economies All over the World
title_sort	new estimates for the shadow economies all over the world
publishDate	2012
url	http://hdl.handle.net/10986/4929
_version_	1764393283026419712

New Estimates for the Shadow Economies All over the World

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