Artikel

Decomposing the Grey Economy in Bulgaria: A General-Equilibrium Analysis

This paper attempts to assess the size of the grey economy, and provide a decomposition by evasion type. The modelling approach utilizes a standard micro- founded general-equilibrium setup, which is augmented with a revenue-extraction mechanism and a government sector. The model is calibrated to Bulgaria after the introduction of the currency board (1999-2018). A computational experiment performed within this setup estimates that on average, the size of total evasion is a bit more than one-fourth of output, an estimate which is in line with the figures provided in both Philip (2014) and the European Commission (2014). Two-thirds of the model- predicted evasion is a combined result of income- and social security evasion, while the rest is due to VAT evasion.

Sprache
Englisch

Erschienen in
Journal: Journal of Mathematical Economics and Finance ; ISSN: 2458-0813 ; Volume: 8 ; Year: 2022 ; Issue: 2 ; Pages: 7-23 ; Craiova, Romania: ASERS Publishing

Klassifikation
Wirtschaft
Computable and Other Applied General Equilibrium Models
Thema
tax evasion
general equilibrium

Ereignis
Geistige Schöpfung
(wer)
Vasilev, Aleksandar
Ereignis
Veröffentlichung
(wer)
ASERS Publishing
ZBW - Leibniz Information Centre for Economics
(wo)
Craiova, Romania
(wann)
2022

DOI
doi:10.14505/jmef.v8.2(15).01
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Vasilev, Aleksandar
  • ASERS Publishing
  • ZBW - Leibniz Information Centre for Economics

Entstanden

  • 2022

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