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Cyclicality of fiscal policy and the shadow economy


  • Deniz Çiçek


  • Ceyhun Elgin



No abstract is available for this item.

Suggested Citation

  • Deniz Çiçek & Ceyhun Elgin, 2011. "Cyclicality of fiscal policy and the shadow economy," Empirical Economics, Springer, vol. 41(3), pages 725-737, December.
  • Handle: RePEc:spr:empeco:v:41:y:2011:i:3:p:725-737 DOI: 10.1007/s00181-010-0409-0

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    References listed on IDEAS

    1. Alberto Alesina & Filipe R. Campante & Guido Tabellini, 2008. "Why is Fiscal Policy Often Procyclical?," Journal of the European Economic Association, MIT Press, vol. 6(5), pages 1006-1036, September.
    2. Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Végh, 2005. "When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies," NBER Chapters,in: NBER Macroeconomics Annual 2004, Volume 19, pages 11-82 National Bureau of Economic Research, Inc.
    3. Barseghyan, Levon & Battaglini, Marco & Coate, Stephen, 2013. "Fiscal policy over the real business cycle: A positive theory," Journal of Economic Theory, Elsevier, vol. 148(6), pages 2223-2265.
    4. Daniel Lederman & Norman V. Loayza & Rodrigo R. Soares, 2005. "Accountability And Corruption: Political Institutions Matter," Economics and Politics, Wiley Blackwell, vol. 17, pages 1-35, March.
    5. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.
    6. Talvi, Ernesto & Vegh, Carlos A., 2005. "Tax base variability and procyclical fiscal policy in developing countries," Journal of Development Economics, Elsevier, vol. 78(1), pages 156-190, October.
    7. Ilzetzki, Ethan, 2011. "Rent-seeking distortions and fiscal procyclicality," Journal of Development Economics, Elsevier, vol. 96(1), pages 30-46, September.
    8. Lucas, Robert Jr. & Stokey, Nancy L., 1983. "Optimal fiscal and monetary policy in an economy without capital," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 55-93.
    9. Lane, Philip R., 2003. "The cyclical behaviour of fiscal policy: evidence from the OECD," Journal of Public Economics, Elsevier, vol. 87(12), pages 2661-2675, December.
    10. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
    11. Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 1998. "Regulatory Discretion and the Unofficial Economy," American Economic Review, American Economic Association, vol. 88(2), pages 387-392, May.
    12. repec:hrv:faseco:34729976 is not listed on IDEAS
    13. Friedrich Schneider & Andreas Buehn & Claudio E. Montenegro, 2011. "Shadow Economies All Over the World: New Estimates for 162 Countries from 1999 to 2007," Chapters,in: Handbook on the Shadow Economy, chapter 1 Edward Elgar Publishing.
    14. repec:wbk:wbpubs:28198 is not listed on IDEAS
    15. repec:hrv:faseco:30747160 is not listed on IDEAS
    16. Ihrig, Jane & Moe, Karine S., 2004. "Lurking in the shadows: the informal sector and government policy," Journal of Development Economics, Elsevier, vol. 73(2), pages 541-557, April.
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    Cited by:

    1. Ceyhun Elgin & Oguz Oztunali, 2012. "Shadow Economies around the World: Model Based Estimates," Working Papers 2012/05, Bogazici University, Department of Economics.
    2. Ceyhun Elgin, 2012. "Cyclicality of the Informal Economy," Working Papers 2012/02, Bogazici University, Department of Economics.
    3. Mohammad Javad Razmi & Arash Jamalmanesh, 2014. "How Political Indices Affect The Shadow Economy," Romanian Economic Business Review, Romanian-American University, vol. 9(1), pages 45-55, March.
    4. repec:eee:quaeco:v:65:y:2017:i:c:p:61-70 is not listed on IDEAS
    5. repec:prg:jnlpep:v:preprint:id:662:p:1-20 is not listed on IDEAS
    6. Elgin, Ceyhun & Uras, Burak R., 2013. "Public debt, sovereign default risk and shadow economy," Journal of Financial Stability, Elsevier, vol. 9(4), pages 628-640.

    More about this item


    Fiscal policy; Informal sector; Cyclicality; E26; H30;

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General


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