What Is the Extent of the Shadow Economy in Serbia?
Friedrich Schneider (),
Gorana Krstić (),
Milojko Arsić () and
Saša Ranđelović ()
Additional contact information
Gorana Krstić: University of Belgrade
Milojko Arsić: University of Belgrade
Saša Ranđelović: University of Belgrade
Chapter Chapter 5 in Formalizing the Shadow Economy in Serbia, 2015, pp 47-75 from Springer
Abstract:
Abstract There is an extensive literature on the shadow economy and the methods used to estimate it, but a limited amount that applies to Serbia. This chapter presents recent estimates of the shadow economy in Serbia using three methods. The first is the MIMIC method, a modelling-based approach covering Serbia and ten other Central and Eastern European countries between 2001 and 2010. The second is the Household Tax Compliance (HTC) approach based on macroeconomic data for Serbia for 2010. The third method is based on the data obtained from the representative survey of registered businesses and entrepreneurs in Serbia. This survey was the basis for estimating the extent of the shadow economy in the sector of businesses and entrepreneurs for the two main types of informal activity, illicit trade in goods and undeclared work. The methods used differ in their coverage of the shadow economy in terms of institutional sector, form of shadow economy, and methodology. The MIMIC method has the broadest coverage since it covers all institutional sectors and all forms of the shadow economy. The HTC method estimates only those forms of the shadow economy that can be identified on the basis of household income and consumption data, while estimates based on the survey focus on the most important forms of the shadow economy among business entities. In addition to the shadow economy, this chapter also estimates the tax evasion gap for the most important types of tax in Serbia: value added tax (VAT), social security contributions, and personal income tax.
Keywords: Household Consumption; Shadow Economy; Social Security Contribution; Mimic Model; Illicit Trade (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:
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:spr:conchp:978-3-319-13437-6_5
Ordering information: This item can be ordered from
http://www.springer.com/9783319134376
DOI: 10.1007/978-3-319-13437-6_5
Access Statistics for this chapter
More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().