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Underground economy quantitative models. Some applications to Romania’s case

Author

Listed:
  • Albu, Lucian-Liviu
  • Daianu, Daniel
  • Pavelescu, Florin-Marius

Abstract

Using some special models, this study tries to quantify the size of underground economy in Romania. The exposition plan includes: 1) Models based on direct approaches; 2) Models based on indirect approaches; 3) A generalised model for the allocation of time; 4) A model based on May’s logistic; 5) Conclusions.

Suggested Citation

  • Albu, Lucian-Liviu & Daianu, Daniel & Pavelescu, Florin-Marius, 2002. "Underground economy quantitative models. Some applications to Romania’s case," MPRA Paper 14210, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:14210
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    File URL: https://mpra.ub.uni-muenchen.de/14210/1/MPRA_paper_14210.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    underground economy; tax evasion; fiscal policy; logistic function;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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