Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions

Turkish Economic Review, 2016, vol. 3, issue 2, 256-280

Abstract: This paper presents various methods for estimating the size of the shadow economy and analyzes their strengths and weaknesses. The purpose of the paper is twofold. Firstly, it demonstrates that no ideal method exists to estimate the size and development of the shadow economy. Because of its flexibility, the MIMIC method used to get macro-estimates of the size of the shadow economy is discussed in greater detail. Secondly, the paper focuses on the definition and causal factors of the shadow economy and provides a comparison of the size of the shadow economy using different estimation methods.

Keywords: Shadow economy estimates; MIMIC approach; Methods to estimate the shadow economy; Advantages and disadvantages of the measurement methods. (search for similar items in EconPapers)
JEL-codes: D78 E26 H11 H2 H26 K42 O17 O5 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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Related works:
Working Paper: Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions (2016)
Working Paper: Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions (2013)
Working Paper: Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions (2013)
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