The Resource An analysis of the underground economy and its macroeconomic consequences, Era Dabla-Norris and Andrew Feltenstein

An analysis of the underground economy and its macroeconomic consequences, Era Dabla-Norris and Andrew Feltenstein

Label
An analysis of the underground economy and its macroeconomic consequences
Title
An analysis of the underground economy and its macroeconomic consequences
Statement of responsibility
Era Dabla-Norris and Andrew Feltenstein
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
This paper develops a dynamic computable general equilibrium model in which optimizing agents evade taxes by operating in the underground economy. The cost to firms of evading taxes is that they find themselves subject to credit rationing from banks. Our model simulations show that in the absence of budgetary flexibility to adjust expenditures, raising tax rates too high drives firms into the underground economy, thereby reducing the tax base. Aggregate investment in the economy is lowered because of credit rationing. Taxes that are too low eliminate the underground economy, but result in unsustainable budget and trade deficits. Thus, the optimal rate of taxation, from a macroeconomic point of view, may lead to some underground activity
Member of
Action
digitized
Cataloging source
OCLCE
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 no.03/23
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
IMF working paper
Series volume
WP/03/23
Label
An analysis of the underground economy and its macroeconomic consequences, Era Dabla-Norris and Andrew Feltenstein
Publication
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 25-26)
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn646922688
Dimensions
unknown
Extent
1 online resource (26 pages)
File format
one file format
Form of item
online
Isbn
9781281604910
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37171896
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)646922688
  • imf1281604917
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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