Description
Book SynopsisThe economic impact and cost of shadow economies have become a pronounced international problem. This second edition uses new data from seventy-six developing, transition and OECD countries to give an overview on the subject and propose solutions to prevent illicit work.
Trade Review'This second edition (incorporating the most recent data) is highly recommended; it is THE book on the shadow economy.' Bruno S. Frey, Distinguished Professor of Behavioural Science, University of Warwick
'Shadow economy hides behind official labor and business. Boundaries between the official and unofficial economy are fuzzy and research scholars engage in lively debates about the validity of methods to estimate the size of shadow economy. This book provides an excellent theoretical frame to investigate shadow economy from a socio-economic perspective and highly relevant empirical data which allow (the reader) to draw practical conclusions for political interventions to combat growing economic crime.' Erich Kirchler, University of Vienna
'The authors ingeniously measure the non-measurable and remove the shadows from our economies. Great research, great book.' Hans-Werner Sinn, President, Ifo Institute for Economic Research
'The welfare of nations cannot be judged without understanding the size of the informal sector. This extremely valuable contribution provides a rigorous treatment of the subject and will become the standard reference book of the shadow economy.' Klaus F. Zimmermann, University of Bonn and Director of IZA, the Institute for the Study of Labor
Table of Contents1. The shadow economy: a challenge for economic and social policy; 2. Defining the shadow economy; 3. Methods to estimate the size of the shadow economy; 4. Size of shadow economies around the world; 5. The size of the shadow economy labour force; 6. An integrated approach to explain deviant behaviour; 7. Analysing the causes and measures of economic policy; 8. Effects of the increasing shadow economy; 9. The 'two-pillar strategy'; 10. Conclusion and outlook.
