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Settore sommerso e politiche di emersione: un approccio stocastico

Scarlato, Margherita; Cenci, Marisa - EconWPA - 2004

The aim of this paper is to analyse the role of uncertainty in shaping the decisions of firms in the underground economy. Following the option value approach, we present a dynamic model which captures (i) the irreversibility of riallocation decisions from the underground sector to the legal...

Persistent link: https://www.econbiz.de/10005408273

A New Look at the Laffer Curve and the Displacement Loss from Tax Evasion

Palda, Filip - EconWPA - 2001

production, and taxes. If good evaders are inefficient producers, tax evasion turns a flat tax into a tax based on ability to pay … with the result that maximum government revenues possible under tax evasion may be larger than when no one evades taxes …

Persistent link: https://www.econbiz.de/10005412474

Taxation for the 21st Century: The Automated Payment Transaction (APT) Tax

Feige, Edgar L. - EconWPA - 2001

Automated Payment Transaction (APT) tax. In its simplest form, the APT tax consists of a flat tax levied on all transactions …. The tax is automatically assessed and collected when transactions are settled through the electronic technology of the … banking/ payments system. The APT tax introduces progressivity through the tax base since the volume of final payments …

Persistent link: https://www.econbiz.de/10005412498

The Dark, and Independent, Side of the Italian Labour Market

Bovi, Maurizio - EconWPA - 2005

In many countries the shadow employment has a very high priority among policymakers. A new time series for this component of the labour market has been recently released by the Italian institute of statistics. Taken together they give the motivation and the occasion for a fresh analysis of the...

Persistent link: https://www.econbiz.de/10005076511

THE UNDERGROUND ECONOMY AND THE CURRENCY ENIGMA

Feige, Edgar L. - EconWPA - 2005

The size, growth and causes of the US “underground economy” are examined in light of new estimates of foreign holdings of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80% of the US currency supply is “missing” and...

Persistent link: https://www.econbiz.de/10005076736

Estimating the Underground Economy using MIMIC Models

Breusch, Trevor - EconWPA - 2005

MIMIC models are being used to estimate the size of the underground economy or the tax gap in various countries. In …

Persistent link: https://www.econbiz.de/10005556350

Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility

Feige, Edgar L.; Šošiæ, Vedran; Faulend, Michael; … - EconWPA - 2002

We examine the extent, causes and consequences of the use of foreign currency as a co-circulating medium of exchange and store of value in Latin America. Using new estimates of the amount of foreign currency in circulation in the form of US dollars, we obtain unique measures of currency...

Persistent link: https://www.econbiz.de/10005556619

The Cyclical Behaviour of Shadow and Regular Employment

Bovi, Maurizio - EconWPA - 2005

Using the Hodrick-Prescott filter, this paper examines the cyclical properties of the Italian labour market. Its main contribution is the empirical analysis of three different labour inputs - regular employees, regular self-employed and underground workers. Results from VAR models support the...

Persistent link: https://www.econbiz.de/10005556794

Rethinking Taxation:The Automated Payment Transaction (APT)Tax

Feige, Edgar L. - EconWPA - 2001

Persistent link: https://www.econbiz.de/10005556920

OVERSEAS HOLDINGS OF U.S.CURRENCY AND THE UNDERGROUND ECONOMY

Feige, Edgar L. - EconWPA - 2005

Many public policy decisions require analytical and empirical knowledge concerning the size, growth, causes and consequences of the ‘underground economy”. This paper seeks to clarify the meaning of underground activity, updates various discrepancy and fiscal estimates of its size and growth,...

Persistent link: https://www.econbiz.de/10005561083