Arbeitspapier
The shadow economy in Colombia: Size and effect on eonomic growth
Using the currency demand approach, size and development of Colombia's shadow economy are estimated over the period from 1980 to 2012. The results show a great extent of shadow economic activity varying over time between 27 and 56 % of GDP. The most important factors driving the shadow economy are indirect taxation and unemployment. Analyzing the interaction between shadow and official economy, the shadow economy has a negative effect on the official one. Average growth of real per capita GDP is 1.86% between 1980 and 2012, without shadow economy it would have been higher around 0.12 percentage points on average.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 1319
- Classification
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Wirtschaft
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Positive Analysis of Policy Formulation and Implementation
Structure, Scope, and Performance of Government
Tax Evasion and Avoidance
- Subject
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Colombian shadow economy
currency demand method
taxation
unemployment
interaction between the shadow and official economy
- Event
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Geistige Schöpfung
- (who)
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Schneider, Friedrich
Hametner, Bettina
- Event
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Veröffentlichung
- (who)
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Johannes Kepler University of Linz, Department of Economics
- (where)
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Linz
- (when)
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2013
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schneider, Friedrich
- Hametner, Bettina
- Johannes Kepler University of Linz, Department of Economics
Time of origin
- 2013
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The Increase of the Size of the Shadow Economy of 18 OECD Countries: Some Preliminary Explanations
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Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions