{"title":"The Underground Economy And Financial Development Theory And Evidences","authors":"S. Capasso","doi":"10.26650/pb/ss10.2019.001.001","DOIUrl":null,"url":null,"abstract":"The underground economy 2 is a major concern in many economies. In contrast to what might be expected, this is true not only for developing but also for developed countries. Estimates for the former put the size of the underground economy at 30-40% of GDP, whilst estimates for the latter put the size at 10-15% of GDP (Schneider, 2007). A large underground sector is not only of economic concern (e","PeriodicalId":313557,"journal":{"name":"34. International Public Finance Conference","volume":"196 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"34. International Public Finance Conference","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.26650/pb/ss10.2019.001.001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The underground economy 2 is a major concern in many economies. In contrast to what might be expected, this is true not only for developing but also for developed countries. Estimates for the former put the size of the underground economy at 30-40% of GDP, whilst estimates for the latter put the size at 10-15% of GDP (Schneider, 2007). A large underground sector is not only of economic concern (e
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