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Studies in Contemporary Economics

The Economics of the Shadow Economy

Proceedings of the International Conference on the Economics of the Shadow Economy, Held at the University of Bielefeld, West Germany, October 10–14, 1983

Editors: Gaertner, W., Wenig, A. (Eds.)

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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.

Table of contents (24 chapters)

  • The Subterranean Economy, Redux

    Gutmann, Peter M.

    Pages 2-18

  • The Meaning of the “Underground Economy” and the Full Compliance Deficit

    Feige, Edgar L.

    Pages 19-36

  • Subterranean Labor Markets: A Conceptual Analysis

    Stein, Bruno

    Pages 37-44

  • Crime: What Should be Recorded in the National Accounts; and What Difference Would it Make?

    Blades, Derek W.

    Pages 45-58

  • The Parallel Economy in Austria

    Skolka, Jiri

    Pages 60-75

Buy this book

eBook $99.00
price for USA in USD (gross)
  • ISBN 978-3-642-88408-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $129.00
price for USA in USD
  • ISBN 978-3-540-15095-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Economics of the Shadow Economy
Book Subtitle
Proceedings of the International Conference on the Economics of the Shadow Economy, Held at the University of Bielefeld, West Germany, October 10–14, 1983
Editors
  • W. Gaertner
  • A. Wenig
Series Title
Studies in Contemporary Economics
Series Volume
15
Copyright
1985
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-88408-5
DOI
10.1007/978-3-642-88408-5
Softcover ISBN
978-3-540-15095-4
Series ISSN
1431-8806
Edition Number
1
Number of Pages
XIV, 402
Topics