Implausible Large Differences in the Sizes of Underground Economies in Highly Developed European Countries? A Comparison of Different Estimation Methods

Friedrich Schneider ()

No 6522, CESifo Working Paper Series from CESifo

Abstract: In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics – the discrepancy method and two new micro survey methods – are described and a third, a micro method, using a combination of company manager surveys and their knowledge to calibrate the size of the shadow economy in firms, is presented, too. Third, a detailed comparison of the four micro estimation methods with the MIMIC and the corrected MIMIC method are presented. One major result is that the corrected MIMIC method, especially, comes quite close to various types of lately developed micro survey methods.

Keywords: MIMIC estimation methods; macro and adjusted; micro survey method asking company managers; micro survey method using households' data; using the consumption-income-gap; comparison of results of size of shadow economy of European countries; shadow economies (search for similar items in EconPapers)
JEL-codes: E01 E26 H26 H32 K42 O17 P24 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-eur, nep-iue, nep-law, nep-mac and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_6522

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