Unveiling the Shadow Economy: Measurement, Drivers, and Policy Solutions - Softcover

Inhaltsangabe

The shadow economy, also known as the informal or underground economy, includes all income-generating activities that remain outside official statistical and regulatory systems while contributing to production, employment, and household welfare. It examines methods for measuring this economy, both direct and indirect, with a focus on the MIMIC (Multiple Indicators Multiple Causes) model, which integrates causal factors and observable manifestations to estimate the size and dynamics of informal activity. The analysis covers the drivers of the shadow economy, such as taxation, unemployment, inflation, and trade openness, as well as its impact on economic growth, macroeconomic stability, public revenues, and social inclusion. It also proposes policy solutions to integrate and regulate this economy, recognizing both its adaptive functions and its role in economic resilience and inclusive growth.

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