New Estimates for the Shadow Economies all over the World

@article{Schneider2010NewEF,
  title={New Estimates for the Shadow Economies all over the World},
  author={F. Schneider and A. Buehn and Claudio E. Montenegro},
  journal={International Economic Journal},
  year={2010},
  volume={24},
  pages={443 - 461}
}
This paper presents estimations of the shadow economies for 162 countries, including developing, Eastern European, Central Asian, and high income OECD countries over 1999 to 2006/2007. According to our estimations, the weighted average size of the shadow economy (as a percentage of ‘official’ GDP) in Sub-Saharan Africa is 37.6%, in Europe and Central Asia (mostly transition countries) 36.4% and in high income OECD countries 13.4%. We find that an increased burden of taxation (direct and… Expand
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