Measuring the size of the shadow economy using a dynamic general equilibrium model with trends: a new dataset

Chung, Federico and Purkey, Liam and Solis-Garcia, Mario (2020): Measuring the size of the shadow economy using a dynamic general equilibrium model with trends: a new dataset.

Abstract

We provide estimates of the size and dollar value of shadow economy for a set of countries between 1950 and 2015, following the methodology of Solis-Garcia and Xie (2018).

• Item Type: MPRA Paper
• Language: English
• Keywords: informal sector; business cycles; DSGE models
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E26 - Informal Economy ; Underground Economy; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional Arrangements

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