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The Size and Development of the Shadow Economies of 22 Transition and 21 OECD Countries

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TLDR
In this article, the authors used currency demand and DYMIMIC approaches to estimate the size of the shadow economy in 22 Transition and 21 OECD countries over 2001/2002.
Abstract
Using the currency demand and DYMIMIC approaches estimates are presented about the size of the shadow economy in 22 Transition and 21 OECD countries. Over 2001/2002 in 21 OECD countries is the average size of the shadow economy (in percent of official GDP) 16.7% of "official" GDP and of 22 Transition countries 38.0%. The average size of the shadow economy labor force (in percent of the population of working age) of the year 1998/99 in 7 OECD-countries is 15.3% and in 22 Transition countries is 30.2%. An increasing burden of taxation and social security contributions combined with rising state regulatory activities are the driving forces for the growth and size of the shadow economy (labor force).

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Work and Leisure in the U.S. and Europe: Why So Different?

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References
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Journal ArticleDOI

Shadow Economies: Size, Causes, and Consequences

TL;DR: In this paper, the size of the shadow economy in 76 developing, transition, and OECD countries is estimated using various methods, and the average size varies from 12 percent of GDP for OECD countries, to 23 percent for transition countries and 39 percent for developing countries.
Journal ArticleDOI

The unofficial Economy in Transition

TL;DR: The authors of as mentioned in this paper show that the countries that have had the healthiest public finances, the smallest unofficial economies, and the best records of growth are also the countries with the highest political control of economic life.
Journal ArticleDOI

Dodging the grabbing hand: the determinants of unofficial activity in 69 countries

TL;DR: In this article, the authors found that higher tax rates are associated with less unofficial activity as a percent of GDP but corruption is associated with more unofficial activity, and that corrupt governments become small governments and only relatively uncorrupt governments can sustain high tax rates.
Journal ArticleDOI

The informal economy

TL;DR: The authors of as discussed by the authors suggest that a wide range of services which were once produced in the money economy are increasingly provided informally on a self-service basis. But they do not consider the role of the state in the provision of these services.
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