File(s) under permanent embargo
The shadow economy as an equilibrium outcome
Version 2 2024-06-13, 08:56Version 2 2024-06-13, 08:56
Version 1 2014-12-11, 12:11Version 1 2014-12-11, 12:11
journal contribution
posted on 2014-01-01, 00:00 authored by P Gomis-Porqueras, A Peralta-Alva, Christopher WallerWe 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. © 2014 Elsevier B.V.
History
Journal
Journal of Economic Dynamics and ControlVolume
41Pagination
1 - 19Publisher
ElsevierLocation
Amsterdam, The NetherlandsPublisher DOI
ISSN
0165-1889Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2014, ElsevierUsage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorksRefWorks
BibTeXBibTeX
Ref. managerRef. manager
EndnoteEndnote
DataCiteDataCite
NLMNLM
DCDC