The Usefulness of Econometric Methods in Research on the Shadow Economy Cover Image

Przydatność metod ekonometrycznych w badaniach nad szarą strefą
The Usefulness of Econometric Methods in Research on the Shadow Economy

Author(s): Zdzisław Adam Błasiak
Subject(s): Economy, Business Economy / Management, Public Finances
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: econometrics; econometric methods; gray economy; unofficial economy; structural equations model; SEM; MIMIC

Summary/Abstract: The article presents the current applications of econometric methods in the analysis of gray economy. The work presents a formal framework of methodology for the study of unofficial economy and the possibilities of econometric methods in analyzes aimed at estimating the size of the shadow economy and in-depth studies of its structure and cause-and-effect relationships. In addition to indirect methods, such as the balance of electricity consumption (household electricity approach) of M. Lackó or the analysis of the currency demand method of V. Tanzi – the methodology of structural equation models, assessed as an approach with unused exploratory potential, has been widely discussed.

  • Issue Year: 46/2018
  • Issue No: 2
  • Page Range: 143-175
  • Page Count: 33
  • Language: Polish