L’economia non osservata fra evasione e crimine: una rivisitazione del Currency Demand Approach con una applicazione al contesto italiano

Guerino Ardizzi (), Carmelo Petraglia, Massimiliano Piacenza and Gilberto Turati ()

Rivista di Politica Economica, 2013, issue 1, 229-269

Abstract: This study contributes to the debate on estimating the size of underground economy, by proposing a reinterpretation of the Currency Demand Approach (CDA). Three main innovations are introduced. First, a direct measure of cash transactions is taken as dependent variable in the money demand equation. Second, indicators of detected tax evasion substitute difficult-to-find proxies for all the relevant determinants of noncompliance. Third, a control for cash used in criminal activities is introduced. The application of this ‘modified- CDA’ to Italian provinces reveals that the provinces in Centre- North exhibit a higher incidence on GDP of both the underground economy and illegal production.

Keywords: non-observed economy; underground production; crime, currency demand approach. (search for similar items in EconPapers)
JEL-codes: E26 E41 H26 K42 O17 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rpo:ripoec:y:2013:i:1:p.229-269

Access Statistics for this article

Rivista di Politica Economica is currently edited by Gustavo Piga

More articles in Rivista di Politica Economica from SIPI Spa
Bibliographic data for series maintained by Sabrina Marino ().