Arbeitspapier

Modelling the Egyptian Shadow Economy: A Currency Demand and A MIMIC Model Approach

We estimate the size and trend of the Egyptian shadow economy using two of the most common methods: the currency demand approach and the structural equation MIMIC model. To the best of our knowledge, this is the first comprehensive study to estimate the size of the shadow economy in Egypt during the last four decades (1976 to 2013). In addition to the standard explanatory variables used in the currency demand approach and MIMIC model, we consider variables that are specifically related to the Egyptian economy such as self-employment, agricultural importance and a proxy for institutional quality of democratic institutions. Our results indicate a decreasing trend of the size of the shadow economy from more than 50% in 1976 to 32% in 2013, yet it still comprises a large portion of the official GDP.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 5727

Klassifikation
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Tax Evasion and Avoidance
Education and Research Institutions: General
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
Thema
shadow economy of Egypt
currency demand approach (CDA)
MIMIC estimation

Ereignis
Geistige Schöpfung
(wer)
Hassan, Mai
Schneider, Friedrich
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2016

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hassan, Mai
  • Schneider, Friedrich
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2016

Ähnliche Objekte (12)