The Black Economy In Turkey: An Empirical Investigation
AbstractThe existing economic literature on the black economy and its measurable size is mainly based on industrialized western countries. This paper, however, tries to estimate the size of the black economy empirically in the case of a developing country: Turkey. According to the monetary approach that this paper has also adopted, the size of the black economy in Turkey has an ever increasing trend and reached nearly 10% of its GNP in 1997. Moreover, this paper also suggests that there is further scope for the black economy in Turkey since the tax burden is relatively low. And currently, the Turkish government is trying to increase taxes, which may lead to a further expansion in the size of the black economy in Turkey.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0503011.
Date of creation: 11 Mar 2005
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black economy; monetary policy; Turkey;
Find related papers by JEL classification:
- E - Macroeconomics and Monetary Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
- NEP-CWA-2005-04-16 (Central & Western Asia)
- NEP-MAC-2005-04-16 (Macroeconomics)
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.:
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