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The Hidden Economy – Measurement and Influence

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  • Ivan Stoykov
  • Paraskeva Dimitrova

Abstract

This paper formulates the concept for the hidden economy. A refine on the formal and the informal economy is made. It indicates the economic, administrative, normative-legal factors and reasons for its existence and the forms for manifesting of the hidden economy. It discloses the condition of the hidden economy in some West European and post-socialist countries and USA too. It gives different methods for measurement of the hidden economy that are concerned with the Bulgarian conditions.

Suggested Citation

  • Ivan Stoykov & Paraskeva Dimitrova, 1999. "The Hidden Economy – Measurement and Influence," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-43.
    • Handle: RePEc:bas:econst:y:1999:i:1:p:3-43
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    References listed on IDEAS

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    1. Merz, Joachim & Wolff, Klaus G, 1993. "The Shadow Economy: Illicit Work and Household Production: A Microanalysis of West Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(2), pages 177-194, June.
    2. Cebula, Richard, 1996. "An Empirical Analysis of the Impact of Government Tax and Auditing Policies on the Size of the Underground Economy: The Case of the United States, 1973-94," MPRA Paper 49810, University Library of Munich, Germany.
    3. Joachim Merz & Klaus G. Wolff, 1993. "The Shadow Economy: Illicit Work And Household Production: A Microanalysis Of West Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(2), pages 177-194, June.
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