Bienestar y ciclos económicos en una economía con evasión y sector subterráneo
[Welfare and business cycles in an economy with evasion and underground sector]
AbstractUsing a Dynamic Stochastic General Equilibrium Model (DSGE) in which the levels of evasion of the firms and the allocation of work and capital to an underground sector of the economy are endogenously determined, we exercise different policies in scenes with anticipated and not anticipated measures, with independent and dependant stochastic shocks. In all the cases the results are analyzed on the welfare costs of the agents and the economic cycles. The results of the model depend on important way of an indicator of governmental effectiveness in agreement with the empirical evidence. We found that the existence of the underground economy can reduce the volatility of the total of the economy and its effects on the welfare rest in the externalities degree that the productive sector receives from the government.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18679.
Date of creation: Oct 2009
Date of revision:
Underground Economy; Evasion; DSGE;
Find related papers by JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
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