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Monetäre Schätzansätze zur Erfassung der Schattenwirtschaft

Year:    1986

Author:    Karmann, Alexander

Credit and Capital Markets – Kredit und Kapital, Vol. 19 (1986), Iss. 2 : pp. 233–247

Abstract

Monetary Estimation Approaches to Assessing the "Shadow Economy" A comparison of various methods

The phenomenon of the shadow economy has drawn increasing attention in the public. Mainly two questions were discussed: how big is the shadow economy and what should be done? The first problem is, of course, how to measure something which is hidden and cannot be observed directly. Measurement approaches start from the observation that the shadow economy leaves traces in other economic sectors, especially in the monetary sphere. This is due to the fact that usually, transactions are performed by a medium of exchange.

The aim of the paper is a rigorous presentation of different estimation methods by use of an axiomatic characterisation of underlying assumptions. Thereby, advantages as well as shortcomings of the measurement approaches will be analyzed, mostly related to the question of per capita currency holding. Finally, based on an estimation result of possible determinants and indicators of the shadow economy, some consequences will be discussed for public policy issues.

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/ccm.19.2.233

Credit and Capital Markets – Kredit und Kapital, Vol. 19 (1986), Iss. 2 : pp. 233–247

Published online:    1986-02

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    15

Author Details

Karmann, Alexander

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