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Metodologie di stima dellÂ’economia sommersa: unÂ’applicazione al caso italiano

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Author Info
Roberta Zizza () (Banca d'Italia)

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Abstract

The paper surveys different approaches to the estimation of the underground economy. First, the focus is on the methodologies adopted by the Italian and French Statistical Institutes, respectively based on the exhaustive estimate of the labour input and on tax compliance data. Secondly, we investigate the currency demand approach; its application to Italian data provides estimates of the value added generated by the underground economy that are substantially consistent with those published by Istat for the period 1992-98, and indicates a significant reduction of this aggregate for the subsequent two years, for which official figures are not available. Finally, we treat the underground economy as a latent variable to be determined through a factor analysis; conclusions emerging from this exercise appear similar to those coming from the previous approaches.

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File URL: http://www.bancaditalia.it/pubblicazioni/econo/temidi/td02/td463_02/td463/tema_463_02.pdf
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Publisher Info
Paper provided by Bank of Italy, Economic Research Department in its series Temi di discussione (Economic working papers) with number 463.

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Date of creation: Dec 2002
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Handle: RePEc:bdi:wptemi:td_463_02

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Postal: Via Nazionale, 91 - 00184 Roma
Web page: http://www.bancaditalia.it
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Related research
Keywords: currency demand; underground economy; hidden labour; taxation; exhaustiveness; value added; latent variables;

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Find related papers by JEL classification:
C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions
E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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  1. Columba, Francesco, 2007. "The Speed of Euro Adoption," MPRA Paper 5547, University Library of Munich, Germany. [Downloadable!]
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  2. Busato; Francesco & Bruno Chiarini & Vincenzo di Maro, 2005. "Directional Congestion and Regime Switching in a Long Memory Model for Electricity Prices," Economics Working Papers 2005-19, School of Economics and Management, University of Aarhus. [Downloadable!]
  3. Bruno Chiarini & Elisabetta Marzano, 2007. "Structural and Cyclical Patterns of Underground Labour Input in Italy from 1980 to 2004," Discussion Papers 3_2007, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy. [Downloadable!]
  4. Amedeo Argentiero & Michele Bagella & Francesco Busato, 2008. "Money laundering in a two sector model: using theory for measurement," CEIS Research Paper 128, Tor Vergata University, CEIS, revised 09 Sep 2008. [Downloadable!]
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  5. Elisabetta Marzano, 2004. "Dual Labour Market Theories And Irregular Jobs: Is There a Dualism Even in The Irregular Sector?," CELPE Discussion Papers 81, CELPE (Centre of Labour Economics and Economic Policy), University of Salerno, Italy. [Downloadable!]
  6. Eugenio Gaiotti, 2004. "Pitfalls of monetary policy under incomplete information: imprecise indicators and real indeterminacy," Temi di discussione (Economic working papers) 488, Bank of Italy, Economic Research Department. [Downloadable!]
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  7. Carlo V Fiorio & Francesco D'Amuri, 2005. "Workers' Tax Evasion in Italy," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 64(2-3), pages 247-270, November. [Downloadable!]
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