Comment on Feige's Paper "Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the 'Shadow Economy'?"

Arbeitspapier

This comment provides a reply to Prof. Feige’s paper with the title “Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the ‘Shadow Economy’?”, in which Prof. Feige heavily criticizes me. I show that the same critique which Prof. Feige raises against me can be put forward to his results on the non-observed economy. Moreover, I show that my dataset is appropriately documented and I also address the problem of calibration and normalization issues when undertaking a MIMIC estimation. In the concluding chapter I suggest that a joint paper should be written in which all the pros and cons of each method of estimating the size and development of the non-observed/shadow economy are presented and criticized.

Show object

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 5818

Classification and Topics

• Classification: Wirtschaft ; Model Construction and Estimation ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access ; Informal Economy; Underground Economy ; Demand for Money ; Tax Evasion and Avoidance ; Illegal Behavior and the Enforcement of Law ; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
• Subject: shadow economy ; non-observed economy or income ; macro approaches ; MIMIC and currency demand approach

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Schneider, Friedrich
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/130431