The shadow economy as an equilibrium outcome

Autor:	Adrian Peralta-Alva, Pedro Gomis-Porqueras, Christopher J. Waller
Rok vydání:	2014
Předmět:	Inflation Economics and Econometrics Control and Optimization General equilibrium theory Informal sector Applied Mathematics media_common.quotation_subject Payment Outcome (game theory) Interest rate ComputingMilieux_GENERAL Economy Cash Economics media_common Shadow (psychology)
Zdroj:	Journal of Economic Dynamics and Control. 41:1-19
ISSN:	0165-1889
DOI:	10.1016/j.jedc.2014.02.006
Popis:	We construct a dynamic general equilibrium model of tax evasion where agents choose to report some of their income. Unreported income requires using a payment method that avoids recordkeeping in some markets—cash. Trade using cash to avoid taxes is the ‘shadow economy’ in our model. We then calibrate our model using money, interest rate and GDP data to back out the size of the shadow economy for a sample of countries and compare our measures to traditional reduced form estimates.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::172a9b5bde1d413b65d4b7a4d1b9d539 https://doi.org/10.1016/j.jedc.2014.02.006 Zobrazit plný text záznamu Full Text from ScienceDirect