Overview
- Editors:
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Wulf Gaertner
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Department of Economics, University of Osnabrück, Osnabrück, Germany
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Alois Wenig
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Department of Economics, Fernuniversität Hagen, Hagen, Germany
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Table of contents (24 papers)
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Front Matter
Pages N2-XIV
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Empirical Evidence
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- Hannelore Weck-Hannemann, Bruno S. Frey
Pages 76-104
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- G. A. A. M. Broesterhuizen
Pages 105-126
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Theoretical Approaches
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Front Matter
Pages 178-178
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- Benjamin Bental, Uri Ben-Zion, Alois Wenig
Pages 179-193
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- V. Ginsburgh, Ph. Michel, F. Padoa Schioppa, P. Pestieau
Pages 194-217
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- Arne Jon Isachsen, Sven Ove Samuelson, Steinar Strøm
Pages 227-244
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- Yael Benjamini, Shlomo Maital
Pages 245-264
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About this book
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.
Editors and Affiliations
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Department of Economics, University of Osnabrück, Osnabrück, Germany
Wulf Gaertner
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Department of Economics, Fernuniversität Hagen, Hagen, Germany
Alois Wenig
