{"title":"Dynamic aspects of the underground economy in Greece","authors":"J. Yfantopoulos","doi":"10.3233/JEM-130366","DOIUrl":null,"url":null,"abstract":"The size and trends of the Greek underground economy are examined over the period of 1958 to 2011. Estimates vary according to the method used and the time period under investigation. Overall, more than one quarter to one third of Greek economic activities have been either unrecorded or hidden from official statistics. Tax evasion, labour market rigidities, lack of competition and over-regulation are among the contributing factors. The underground economy is often viewed as a serious obstacle to economic growth. However, the empirical results are ambiguous. Dynamic models are explored to examine the relationship between the underground economy and economic growth. In the short run, one percentage point increase in the rate of economic growth would reduce the underground economy by 0.13, and in the long run by 1.26. The Greek Government is currently introducing structural reforms pursuing fiscal consolidation, transparency and e-governance strategies to combat tax evasion, and monitoring strategies in the statistical system to produce valid and reliable data sets.","PeriodicalId":53705,"journal":{"name":"Journal of Economic and Social Measurement","volume":"38 1","pages":"97-112"},"PeriodicalIF":0.0000,"publicationDate":"2013-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.3233/JEM-130366","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic and Social Measurement","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3233/JEM-130366","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 3
Abstract
The size and trends of the Greek underground economy are examined over the period of 1958 to 2011. Estimates vary according to the method used and the time period under investigation. Overall, more than one quarter to one third of Greek economic activities have been either unrecorded or hidden from official statistics. Tax evasion, labour market rigidities, lack of competition and over-regulation are among the contributing factors. The underground economy is often viewed as a serious obstacle to economic growth. However, the empirical results are ambiguous. Dynamic models are explored to examine the relationship between the underground economy and economic growth. In the short run, one percentage point increase in the rate of economic growth would reduce the underground economy by 0.13, and in the long run by 1.26. The Greek Government is currently introducing structural reforms pursuing fiscal consolidation, transparency and e-governance strategies to combat tax evasion, and monitoring strategies in the statistical system to produce valid and reliable data sets.
期刊介绍:
The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.