Free Shipping In Australia
Shadow Economy By Friedrich Schneider

Shadow Economy
by Friedrich Schneider

Out of Stock
$17.49
inc. GST
Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size.
Only 0 left

Shadow Economy Summary


Shadow Economy by Friedrich Schneider

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size. The shadow economy constitutes approximately 10 per cent of GDP in the UK; about 14 per cent in Nordic countries and about 20 - 30 per cent in many southern European countries. The main drivers of the shadow economy are (in order): tax and social security burdens, tax morale, the quality of state institutions and labour market regulation. A reduction in the tax burden is therefore likely to lead to a reduction in the size of the shadow economy. Indeed, a virtuous circle can be created of lower tax rates, less shadow work, higher tax morale, a higher tax take and the opportunity for lower rates. Of course, a vicious circle in the other direction can also be created.

Why buy from World of Books

Our excellent value books literally don't cost the earth
Free delivery in Australia
Read more here
Every used book bought is one saved from landfill

Shadow Economy Reviews


"A study by a free-market thinktank, the Institute for Economic Affairs, estimated that paid work not declared to the taxman was worth 10% of national income in 2012, half the level in Italy, Greece and Spain. The report, by economists Friedrich Schneider and Colin Williams, found that the UK's shadow economy was smaller than the 13.4% average for the 34 developed nations in the Organisation for Economic Cooperation and Development. The UK rate peaked at 13% in 1997-98." Larry Elliott, 'The Guardian'

About Friedrich Schneider


Friedrich Schneider has been a professor of economics at Johannes Kepler University in Linz, Austria for 27 years. He is the former European editor of Public Choice and has published extensively in leading economics journals, including the American Economic Review, the Economic Journal, and the Quarterly Journal of Economics. Colin C. Williams is a professor of public policy and the director of the Inter-Disciplinary Centre of the Social Sciences at the University of Sheffield.

Additional information

GOR005563550
Shadow Economy by Friedrich Schneider
Friedrich Schneider
Used - Very Good
Paperback
Institute of Economic Affairs
2013-05-17
184
0255366744
9780255366748
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us.