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Black Economy
Friedrich Sneider
€ 24.06
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Description for Black Economy
Paperback. Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. Num Pages: 184 pages. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 132 x 199 x 11. Weight in Grams: 212.
Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state ... Read more
Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state ... Read more
Product Details
Format
Paperback
Publication date
2013
Publisher
Institute of Economic Affairs United Kingdom
Condition
New
Number of Pages
184
Place of Publication
London, United Kingdom
ISBN
9780255366748
SKU
V9780255366748
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
Reviews for Black Economy
"A study by a free-market thinktank, the Institute for Economic Affairs, estimated that paid work not declared to the taxman was worth 10% of national income in 2012, half the level in Italy, Greece and Spain. The report, by economists Friedrich Schneider and Colin Williams, found that the UK's shadow economy was smaller than the 13.4% average for the 34 ... Read more