Taxing the unobservable: The impact of the shadow economy on inflation and taxation

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• 作者：Ummad Mazhar^a ; ^b ; Pierre-Guillaume Mé ; on^b
• 关键词：shadow economy ; informal sector ; inflation ; taxes ; inflation tax
• 刊名：World Development
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：90
• 期：Complete
• 页码：89-103
• 全文大小：402 K
• 卷排序：90

文摘

We study a panel of developed and developing countries over 1999–2007. We find a positive relation between inflation and the size of the shadow economy. We find a negative relation between the tax burden and the size of the shadow economy. Both are conditional on central bank independence and the exchange rate regime. Both survive controlling for endogeneity and a series of robustness tests.