The Shadow Economies of the Asia‐pacific

Abstract

Despite continuous government attempts to increase taxpayer compliance, the shadow economy continues to offer a way for taxpayers to evade their taxpaying obligations. The consequences are clear: policy-makers have increasingly imperfect knowledge about the state of economic affairs as shadow economy activity expands. We provide the first known estimates of the shadow economy for 17 Asia-Pacific countries. We show that, not only have these activities grown over the last ten years, but countries with relatively thin taxpayer compliance initiatives experience the greatest shadow economy activity. Copyright 2005 Blackwell Publishing Ltd

Does taking the shadow economy into account matter when measuring aggregate efficiency?

“…The latest use of the model approach has been undertaken by Giles (1999aGiles ( , 1999bGiles ( , 1999c) and by , , Chatterjee et al (2003), and Bajada and Schneider (2005). They basically estimate a comprehensive (sometime dynamic)…”

A Structural Approach to Financial Stability: On the Beneficial Role of Regulatory Governance

“…Similar to Beck et al (2003), the authors do not directly estimate the influence of regulatory governance. Instead, they test the validity of two contrasting approaches to bank regulation -the public and the private interest approaches Empirical studies that use an empirical approach similar to ours but are concerned with a different research agenda are, for example, Giles and Tedds (2002) and Bajada and Schneider (2005). These studies employ a structural equation modeling approach to estimate the size and development of the shadow economy and to test the statistical relationships between the shadow economy and other economic variables.…”

Any Link between Unofficial Economy and Official Economy? An Empirical Evidence from the ASEAN

“…A MIMIC approach is used in this study to measure the unofficial economy of the ASEAN countries. Previous empirical studies which had also used MIMIC to estimate the unofficial economy such as those conducted by Giles and Tedds (2002); Bajada and Schneider (2005); Anno and Schneider (2003) play significant role for this study in which causes variables and indicators variables are selected.…”