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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 1319
- Klassifikation
-
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
- Thema
-
Colombian shadow economy
currency demand method
taxation
unemployment
interaction between the shadow and official economy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schneider, Friedrich
Hametner, Bettina
- Ereignis
-
Veröffentlichung
- (wer)
-
Johannes Kepler University of Linz, Department of Economics
- (wo)
-
Linz
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:44 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schneider, Friedrich
- Hametner, Bettina
- Johannes Kepler University of Linz, Department of Economics
Entstanden
- 2013
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