Reflections on the meaning and measurement of Unobserved Economies: What do we really know about the Shadow Economy Report as inadecuate




Reflections on the meaning and measurement of Unobserved Economies: What do we really know about the Shadow Economy - Download this document for free, or read online. Document in PDF available to download.

Abstract

This paper reviews the meaning and measurement of unobserved economies germane to tax evasion and macroeconomic information systems. These include the unreported, non-observed, underground, illegal, informal and unrecorded economies. It reviews the progress and shortcomings of national and international agency efforts to measure these unobserved economies, noting what they have in common, what distinguishes one from another and their interconnections. It then examines the meaning of Professor Schneider’s Shadow Economy SSE, and the veracity of his claim to have accurately estimated its size and trend worldwide by employing a MIMIC model methodology. It concludes that SSE estimates suffer from conceptual flaws, apparent manipulation of results and insufficient documentation for replication, questioning their place in the academic, policy and popular literature.



Item Type: MPRA Paper -

Original Title: Reflections on the meaning and measurement of Unobserved Economies: What do we really know about the -Shadow Economy-

Language: English-

Keywords: Tax evasion, shadow economy, non-observed, underground, illegal, informal, unrecorded, MIMIC, cash, National Income and Product Accounts, Friedrich Schneider-

Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and EstimationC - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data AccessE - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E26 - Informal Economy ; Underground EconomyE - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E41 - Demand for MoneyH - Public Economics > H2 - Taxation, Subsidies, and Revenue > H26 - Tax Evasion and AvoidanceK - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K42 - Illegal Behavior and the Enforcement of LawO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements-





Author: Feige, Edgar L.

Source: https://mpra.ub.uni-muenchen.de/69271/







Related documents