An empirical examination of the determinants of the shadow economy
| dc.contributor.author | Acosta-González, Eduardo | |
| dc.contributor.author | Fernández-Rodríguez, Fernando | |
| dc.contributor.author | Sosvilla Rivero, Simón Javier | |
| dc.date.accessioned | 2023-06-19T14:54:23Z | |
| dc.date.available | 2023-06-19T14:54:23Z | |
| dc.date.issued | 2014-03 | |
| dc.description.abstract | Using a statistical methodology guided only by data and based on a genetic algorithm, we select the best econometric model for explaining the determinants of the size of the shadow economy, its main determinants being: taxes on capital gains of individuals, corporate taxes on income, profits and capital gains, domestic credit, bank secrecy, ethnic fractionalization, urban population, globalization, corruption and the socialist legal origin of country. | |
| dc.description.department | Depto. de Análisis Económico y Economía Cuantitativa | |
| dc.description.faculty | Fac. de Ciencias Económicas y Empresariales | |
| dc.description.refereed | TRUE | |
| dc.description.status | pub | |
| dc.eprint.id | https://eprints.ucm.es/id/eprint/30652 | |
| dc.identifier.issn | 1350-4851 | |
| dc.identifier.officialurl | http://www.tandfonline.com/loi/rael20#.VW2yOc_tlBc | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14352/34696 | |
| dc.issue.number | 5 | |
| dc.journal.title | Applied Economics Letters | |
| dc.language.iso | eng | |
| dc.page.final | 307 | |
| dc.page.initial | 304 | |
| dc.publisher | Taylor & Francis | |
| dc.rights.accessRights | open access | |
| dc.subject.jel | C51 | |
| dc.subject.jel | E26 | |
| dc.subject.jel | H26 | |
| dc.subject.keyword | Shadow economy | |
| dc.subject.keyword | OECD countries | |
| dc.subject.keyword | Tax evasion | |
| dc.subject.keyword | GASIC | |
| dc.subject.ucm | Econometría (Economía) | |
| dc.subject.ucm | Economía internacional | |
| dc.subject.ucm | Historia económica | |
| dc.subject.ucm | Indicadores económicos | |
| dc.subject.ucm | Macroeconomía | |
| dc.subject.unesco | 5302 Econometría | |
| dc.subject.unesco | 5310 Economía Internacional | |
| dc.subject.unesco | 5506.06 Historia de la Economía | |
| dc.subject.unesco | 5302.01 Indicadores Económicos | |
| dc.subject.unesco | 5307.14 Teoría Macroeconómica | |
| dc.title | An empirical examination of the determinants of the shadow economy | |
| dc.type | journal article | |
| dc.volume.number | 21 | |
| dcterms.references | Acosta-González, E. and Fernández-Rodríguez, F. (2007) Model selection via genetic algorithms illustrated with cross-country growth data, Empirical Economics, 33, 313-337. Constantinides, G. M. (1984) Optimal stock trading with personal taxes: implications for prices and the abnormal January returns, Journal of Financial Economics, 13, 65-89. Elgin, C. and Oyvaty, C. (2013) Lurking in the cities: urbanization and the informal economy, Structural Change and Economic Dynamics, 27, 36-47. Eilat, Y., Zinnes, C. (2002) The shadow economy in transition countries: friend or foe? A policy perspective, World Development, 30, 1233–1254. Friedman, E., Johnson, S., Kaufmann, D. and Zoido-Lobaton, P. (2000) Dodging the grabbing hand: the determinants of unofficial activity in 69 countries, Journal of Public Economics, 76, 459–493. Hendry, D.F. (1995) Dynamic Econometrics, Oxford University Press, Oxford. Hindriks, J.; Muthoo, A. and Keen, M. (1999) Corruption, extortion and evasion, Journal of Public Economics, 74, 395-430. Hoover, K.D. and Perez, S. J. (1999) Data mining reconsidered: encompassing and the general- to-specific approach to specification search, Econometrics Journal, 2, 167-191. Johnson, S., Kaufmann, D. and Shleifer, A.(1997) The unofficial economy in transition, Brookings Papers on Economic Activity, 28, 159-221. Karlinger, L. (2009) The underground economy in the late 1990s: evading taxes, or evading competition? World Development, 37, 1600-1611. Klapper, L., Amit, R. and Guillén, M. F. (2008) Entrepreneurship and firm formation across countries, in International Differences in Entrepreneurship, L. Lerner and A. Schoar (Eds.),. National Bureau of Economic Research, Cambridge, MA. Lovell, M.C. (1983). Data mining, Review of Economics and Statistics, 65, 1-12. Montalvo, J. G. and Reynal-Querol, M. (2005) Ethnic diversity and economic development, Journal of Development Economics, 76, 293–323. OECD (2006) Taxation of capital gains of individuals: policy considerations and approaches. OECD, Paris. Poterba, J. M. (1987) How burdensome are capital gains taxes?: evidence from the United States, Journal of Public Economics, 33, 157–172. Schneider, F., and Enste, D. H. (2000) Shadow economies: size, causes, and consequences, Journal of Economic Literature, 38, 77–114. Shangquan, G. (2000) Economic globalization: trends, risks and risk prevention, CDP Background Paper 001, Department of Economics and Social Affairs, United Nations. Smith, D. W. and Scarpaci, J. L. (2010) Urbanization in transitional societies: an overview of Vietnam and Hanoi, Urban Geography, 21, 745-757. Stiglitz, J. E. (1983) Some aspects of the taxation of capital gains, Journal of Public Economics, 21, 257-294. Thiessen, U. (2010) The shadow economy in international comparison: options for economic policy derived from an OECD panel analysis, International Economic Journal, 24, 481-509. Walker, J. and Unger, B. (2009) Measuring global money laundering, Review of Law and Economics, 2, 821–853. | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 13e83682-e923-4f28-a770-1140d295a334 | |
| relation.isAuthorOfPublication.latestForDiscovery | 13e83682-e923-4f28-a770-1140d295a334 |
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