Currency Demand, the Underground Economy, and, Tax Evasion—The Case of Guyana

Ebrima Faal ()

No 2003/007, IMF Working Papers from International Monetary Fund

Abstract: The persistence in Guyana of a substantial underground economy is an important consequence of economic and social policy over 1964-2000. The paper attempts to estimate the magnitude of, and changes to the underground economy in Guyana, as well as its adverse effect on tax collection, during this period.

Keywords: WP; economy; currency holding; Underground economy; Guyana; tax evasion; currency demand; demand model; currency substitute; estimation result; overvalued currency; Informal economy; Currencies; Average effective tax rate; Personal income (search for similar items in EconPapers)
Pages: 30
Date: 2003-01-01
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Citations: View citations in EconPapers (18)

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