Wang, David Han-Min; Yu, Tiffany Hui-Kuang; Hu, Heng-Chang - In: Economics Letters 117 (2012) 1, pp. 340-343
This paper examines the asymmetric response of the underground economy (UE) in Taiwan to an effective tax rate change. The UE size in Taiwan from 1962 to 2003 is estimated using a cash deposit ratio (CDR) approach and a currency demand approach. The impact of an increase in the effective tax...
