Size, trend, and policy implications of the underground economy
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor | Análisis Económico | es |
dc.contributor.author | Orsi, Renzo | - |
dc.contributor.author | Raggi, Davide | - |
dc.contributor.author | Turino, Francesco | - |
dc.contributor.other | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico | es |
dc.date.accessioned | 2015-11-25T16:54:05Z | - |
dc.date.available | 2015-11-25T16:54:05Z | - |
dc.date.issued | 2014-07 | - |
dc.identifier.citation | Review of Economic Dynamics. 2014, 17(3): 417-436. doi:10.1016/j.red.2013.11.001 | es |
dc.identifier.issn | 1094-2025 (Print) | - |
dc.identifier.issn | 1096-6099 (Online) | - |
dc.identifier.uri | http://hdl.handle.net/10045/51692 | - |
dc.description.abstract | We study the underground economy within a dynamic and stochastic general equilibrium framework. Our model combines limited tax enforcement with an otherwise standard two-sector neoclassical stochastic growth model. The Bayesian estimation of the model based on Italian data provides evidence in favor of an important underground sector in Italy, with a size that has increased steadily over the whole sample period. We show that this pattern is due to a steady increase in taxation. Fiscal policy experiments suggest that a moderate tax cut, along with a stronger effort in the monitoring process, causes a sizeable reduction in the size of the underground economy and provides a positive stimulus for the regular economy. Both of these effects jointly increase total fiscal revenues. | es |
dc.description.sponsorship | Francesco Turino is grateful for the financial support provided by the Spanish Ministerio de Educación y Ciencia and FEDER funds (project SEJ-2007-62656/ECON). | es |
dc.language | eng | es |
dc.publisher | Elsevier | es |
dc.rights | © 2013 Elsevier Inc. | es |
dc.subject | DSGE | es |
dc.subject | Underground economy | es |
dc.subject | Tax evasion | es |
dc.subject | Bayesian estimation | es |
dc.subject | Italy | es |
dc.subject.other | Fundamentos del Análisis Económico | es |
dc.title | Size, trend, and policy implications of the underground economy | es |
dc.type | info:eu-repo/semantics/article | es |
dc.peerreviewed | si | es |
dc.identifier.doi | 10.1016/j.red.2013.11.001 | - |
dc.relation.publisherversion | http://dx.doi.org/10.1016/j.red.2013.11.001 | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |
dc.relation.projectID | info:eu-repo/grantAgreement/MEC//SEJ-2007-62656 | - |
Aparece en las colecciones: | INV - Análisis Económico - Artículos de Revistas |
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2014_Orsi_etal_RED_final.pdf | Versión final (acceso restringido) | 579,43 kB | Adobe PDF | Abrir Solicitar una copia |
2014_Orsi_etal_RED_preprint.pdf | Preprint (acceso abierto) | 573,64 kB | Adobe PDF | Abrir Vista previa |
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