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Shadow Economies Around the World: Evidence from Metropolitan Areas

Ceyhun Elgin

Eastern Economic Journal, 2020, vol. 46, issue 2, No 6, 322 pages

Abstract: Abstract In this paper, I use a calibrated two-sector dynamic general equilibrium model to construct annual estimates of shadow economy size (as a percentage of GDP) for 57 metropolitan areas from 31 countries throughout the world from 2001 to 2016. In addition to fully describing and characterizing the constructed dataset, I also provide some stylized facts regarding the trends of these estimates and some of their correlates. I also use the model to evaluate the effects of two policy tools: Changing the tax burden and tax enforcement.

Keywords: Informal sector; Metropolitan areas; Dynamic general equilibrium models; Panel data; Shadow economy; Two-sector dynamic general equilibrium models (search for similar items in EconPapers)
JEL-codes: E26 J46 R12 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1057/s41302-019-00161-4

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