The Economics of the Shadow Economy

Lingua: inglese

Editore: Springer, Springer Berlin Heidelberg Jan 1985, 1985

3540150951 / 9783540150954

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This item is printed on demand - Print on Demand Titel. Neuware -Robbery, larceny, blackmail, fraud, and other crimes with economic motives are likely to be as old as mankind, and the evasion of taxes and economic regulations can be assumed to begin with the introduction of taxes and economic regulations. Thus the shadow economy is certain ly not a new phenomenon. However, economists did not pay much attention to it until quite recently. P. GUTMANN in his pioneering article 'The Subterranean Economy' (Financial Analysts Journal, Nov/Dec 1977, p. 24- 27) was first to point out that unreported economic activity cannot (or, at least, can no longer) be considered as a 'quantite negligeable'. Challenged by GUTMANN's hypothesis many economists have then tried to assess the quantitative and qualitative importance of the shadow economy (commonly also known as the underground, or subterranean, or black, or unreported economy, and by other names). There seems to be wide agreement nowadays that the shadow economy has not only reached a substantial portion of total economic activity in both Eastern and Western countries but that it is also growing at rates which can no longer be experienced in the official sector. The existence of a considerable volume of unreported economic activities implies that important macroeconomic variables are biased in the official statistics. The rate of unemployment, for example, may be over-estimated while production figures, on the other hand, tend to be underrated. The government could thus be mislead and choose inadequate policies.Springer-Verlag KG, Sachsenplatz 4-6, 1201 Wien 420 pp. Englisch.…

Codice articolo 9783540150954

Titolo
The Economics of the Shadow Economy
Autore
W. Gaertner
Editore
Springer, Springer Berlin Heidelberg Jan 1985
Anno di pubblicazione
1985
Condizione
Neu
Rilegatura
Taschenbuch
Lingua
inglese
ISBN 10
3540150951
ISBN 13
9783540150954
Peso dell'articolo
721 grammi
Dimensioni
244x170x23 mm

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