Measuring the shadow economy and its drivers
The case of peripheral EMU countries
Bibliographic Data
| ID | 15067985 |
|---|---|
| Authors | Vicent Almenar (Department of Economics and Business, Catholic University of Valencia, Valencia, Spain), Vicent Almenar Llongo (Universitat de València), José Luis Sánchez (0000-0002-9874-0239, Department of Economics and Business, Catholic University of Valencia, Valencia, Spain), Juan Sapena (0000-0003-2687-2184, Department of Economics and Business, Catholic University of Valencia, Valencia, Spain, corresponding author) |
| Year | 2020 |
| Volume | 33 |
| Issue | 1 |
| Pages | 2904-2918 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2019.1706601 |
| OpenAlex | W2997353607 |
| Language | EN |
| Citations received | 3 |
| References cited | 28 |
We adopt a long-run perspective to investigate the size of the shadow economy and explore the trends in this area. The analysis is based on a panel of peripheral EMU countries over the period 1965-2015. Our empirical approach relies on a multiple indicators and multiple causes (MIMIC) framework. This approach is a variant of structural equation modelling (SEM). We used two sets of variables, (i.e. potential determinants and indicator variables) to estimate an underlying (unobserved) index that measures the evolution of the shadow economy. Ascertaining the relative importance of the shadow economy enabled analysis of its relationship with other institutional and social issues (e.g. corruption, productivity and economic growth), and helped identify the channels through which the shadow economy might negatively influence the performance of different economies. In the sampled countries, shadow activity increased over the study period. It also seemed to be affected by the economic cycle
Economics · Economy · Language change · Macroeconomics · Productivity · Computer Science · Corporate Taxation and Avoidance · Fiscal Policy and Economic Growth · Psychology · Taxation and Compliance Studies
The Shadow Economy
Estimation of a Model with Multiple Indicators and Multiple Causes of a Single Latent Variable
Estimation of a Model with Multiple Indicators and Multiple Causes of a Single Latent Variable
New Estimates for the Shadow Economies all over the World
Shadow Economies Around the World
Shadow Economies
The Underground Economy in the United States
Federalism and the shadow economy
The Demand for Currency Relative to the Total Money Supply
Estimates of the Black Economy Based on Consumer Demand Approaches
Measuring the Hidden Economy
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |