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What do we know about the black economy?

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  • Andrew Dilnot

    (Institute for Fiscal Studies and University of Oxford)

  • C. N. Miller
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    Abstract

    Much interest has recently been expressed in the scope and growth of the black economy, and several estimates of its size have been presented, which invariably receive wide coverage in the press and elsewhere. Almost without exception, this discussion seeks to convey the impression that the black economy is large and growing, and that it raises major issues for tax policy and economic management. The purpose of this article is to inject a note of scepticism into the arguement.

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    Bibliographic Info

    Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.

    Volume (Year): 2 (1981)
    Issue (Month): 1 (March)
    Pages: 58-73

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    Handle: RePEc:ifs:fistud:v:2:y:1981:i:1:p:58-73

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    Cited by:
    1. Chris Bajada, 1999. "Confidence Intervals for the Underground Economy in Australia," Working Paper Series 91, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
    2. Laura Blow & Ian Preston, 2002. "Deadweight loss and taxation of earned income: evidence from tax records of the UK self-employed," IFS Working Papers W02/15, Institute for Fiscal Studies.
    3. Andrey Zahariev, 2000. "Tax Evasion and Tax Fraud – Theoretical Models and Fiscal Decisions," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 103-124.
    4. George M. Georgiou, 2007. "Measuring the Size of the Informal Economy: A Critical Review," Working Papers 2007, Central Bank of Cyprus.
    5. Hana Zídková, 2012. "Discussion of Methods for Estimating the Shadow Economy," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2012(6), pages 3-17.
    6. Philippe Adair, 2009. "Économie non observée et emploi informel dans les pays de l'Union européenne. Une comparaison des estimations et des déterminants," Revue économique, Presses de Sciences-Po, vol. 60(5), pages 1117-1153.
    7. M. Ali Kemal, 2003. "Underground Economy and Tax Evasion in Pakistan A Critical Evaluation," PIDE-Working Papers 2003:184, Pakistan Institute of Development Economics.
    8. Tedds, Lindsay, 2005. "The Underground Economy in Canada," MPRA Paper 4229, University Library of Munich, Germany.
    9. Lackó, Mária, 1995. "Rejtett gazdaság nemzetközi összehasonlításban
      [Hidden economy by international comparison - A method of estimation based on the bouseholds' energy consumption]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 486-510.

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