ESTIMATING THE SIZE OF THE SHADOW ECONOMY OF THE CZECH REPUBLIC

被引:0
作者
Jajkowicz, Ondrej [1 ]
机构
[1] Tech Univ Ostrava, Fac Econ, Ostrava 70121, Czech Republic
来源
PROCEEDINGS OF 12TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, PTS I AND II | 2015年
关键词
Currency; Shadow Economy; Shadow; Estimation; Demand; Czech Republic;
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
About thirty years ago, economists specify the phenomenon of the shadow economy. Exploring the shadow economy has been accompanied by efforts to its precise definition, accurate measurement and interpretation of the consequences of this phenomenon. The main problem from the perspective of economic policy due to the existence of the shadow economy is its effect on the process of creating appropriate economic policies. The high level of the shadow economy is reflected in the unreliability of macroeconomic aggregates. The implementation of economic policy decisions based on these distorted macroeconomic data, are mostly ineffective. This article aims to estimate the size of the shadow economy in the Czech Republic between 1993 and 2013 using the monetary approach. Available empirical results point to a growing trend in the size of the shadow economy in the Czech Republic since 1993 to 2013, when its size in 2013 was estimated at 16% of GDP.
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收藏
页码:278 / 289
页数:12
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