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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Stephanie Schmitt-Grohe & Martin Uribe, 2001.
"Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function,"
Departmental Working Papers
200106, Rutgers University, Department of Economics.
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2004. "Solving dynamic general equilibrium models using a second-order approximation to the policy function," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 755-775, January.
- Schmitt-Grohé, Stephanie & Uribe, Martín, 2001. "Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function," CEPR Discussion Papers 2963, C.E.P.R. Discussion Papers.
- Stephanie Schmitt-Grohe & Martin Uribe, 2002. "Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function," NBER Technical Working Papers 0282, National Bureau of Economic Research, Inc.
- Blackburn, Keith & Bose, Niloy & Emranul Haque, M., 2006.
"The incidence and persistence of corruption in economic development,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 30(12), pages 2447-2467, December.
- K Blackburn & N Bose & M E Haque, 2003. "The Incidence and Persistence of Corruption in Economic Development," Centre for Growth and Business Cycle Research Discussion Paper Series 34, Economics, The Univeristy of Manchester.
- Norman Loayza & Pablo Fajnzylber & César Calderón, 2005.
"Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts,"
World Bank Publications,
The World Bank, number 7315.
- Norman Loayza & Pablo Fajnzylber & César Calderón, 2004. "Economic Growth in Latin America and The Caribbean: Stylized Facts, Explanations, and Forecasts," Working Papers Central Bank of Chile 265, Central Bank of Chile.
- Friedrich Schneider, 2005. "Shadow Economies of 145 Countries all over the World: What Do We Really Know?," CREMA Working Paper Series 2005-13, Center for Research in Economics, Management and the Arts (CREMA).
- Robert J. Barro & Xavier Sala-i-Martin, 1990.
"Public Finance in Models of Economic Growth,"
NBER Working Papers
3362, National Bureau of Economic Research, Inc.
- Barro, Robert J. & Sala-i-Martin, Xavier, 1992. "Public Finance in Models of Economic Growth," CEPR Discussion Papers 630, C.E.P.R. Discussion Papers.
- Sala-I-Martin, X. & Barro, R.J., 1991. "Public Finance in Models of Economic Growth," Papers, Yale - Economic Growth Center 640, Yale - Economic Growth Center.
- Stephanie Schmitt-Grohe & Martin Uribe, 2004.
"Optimal Simple and Implementable Monetary and Fiscal Rules,"
NBER Working Papers
10253, National Bureau of Economic Research, Inc.
- Schmitt-Grohe, Stephanie & Uribe, Martin, 2007. "Optimal simple and implementable monetary and fiscal rules," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1702-1725, September.
- Stephanie Schmitt-GrohÃ© & MartÃn Uribe, 2007. "Optimal simple and implementable monetary and fiscal rules," Working Paper, Federal Reserve Bank of Atlanta 2007-24, Federal Reserve Bank of Atlanta.
- Schmitt-Grohé, Stephanie & Uribe, Martín, 2004. "Optimal Simple and Implementable Monetary and Fiscal Rules," CEPR Discussion Papers 4334, C.E.P.R. Discussion Papers.
- Juillard, Michel, 1996. "Dynare : a program for the resolution and simulation of dynamic models with forward variables through the use of a relaxation algorithm," CEPREMAP Working Papers (Couverture Orange) 9602, CEPREMAP.
- Agell, Jonas & Ohlsson, Henry & Thoursie, Peter Skogman, 2006.
"Growth effects of government expenditure and taxation in rich countries: A comment,"
European Economic Review,
Elsevier, vol. 50(1), pages 211-218, January.
- Agell, Jonas & Ohlsson, Henry & Skogman Thoursie, Peter, 2003. "Growth Effects of Government Expenditure and Taxation in Rich Countries: A Comment," Research Papers in Economics 2003:14, Stockholm University, Department of Economics.
- Michael Bleaney & Norman Gemmell & Richard Kneller, 2001. "Testing the endogenous growth model: public expenditure, taxation, and growth over the long run," Canadian Journal of Economics, Canadian Economics Association, vol. 34(1), pages 36-57, February.
- Jonathan Temple, 1999. "The New Growth Evidence," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 112-156, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.