Year: 1990
Author: Karmann, Alexander
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 110 (1990), Iss. 2 : pp. 185–206
Abstract
After a short representation of the whole range of the shadow economy and of the main hypotheses on its causes, two well known estimation methods will be adopted in order to measure the black economy, from the demand as well as the supply side, and the self service economy: Cagan's currency demand approach and the LISREL model approach. The empirical investigation shows that the black economy can be explained supply sided as a result of increasing direct tax burden but also demand sided as a result of an above average increase of prices for services. Tight income situations of private households provide additional incentives for self service activities, as a simultaneous estimation of the black economy and do-it-yourself shows. The empirical result shows up a stagnation of the black economy as well as DIY at 8%, 4% resp., of GNP since 1983. Thereby, black activities are supplied mostly by firms (80%), not by private households.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.110.2.185
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 110 (1990), Iss. 2 : pp. 185–206
Published online: 1990-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 22
Author Details
-
Zu den langfristigen Bestimmungsgründen der Umlaufgeschwindigkeit des Geldes: Ein sektoraler Ansatz
Friedrich, Sell,
Credit and Capital Markets - Kredit und Kapital, Vol. 30 (1997), Iss. 3 P.325
https://doi.org/10.3790/ccm.30.3.325 [Citations: 0]