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  • About thirty years ago, economists specify the phenomenon of the shadow economy. Exploring the shadow economy has been accompanied by efforts to its precise definition, accurate measurement and interpretation of the consequences of this phenomenon. The main problem from the perspective of economic policy due to the existence of the shadow economy is its effect on the process of creating appropriate economic policies. The high level of the shadow economy is reflected in the unreliability of macroeconomic aggregates. The implementation of economic policy decisions based on these distorted macroeconomic data, are mostly ineffective. This article aims to estimate the size of the shadow economy in the Czech Republic between 1993 and 2013 using the monetary approach. Available empirical results point to a growing trend in the size of the shadow economy in the Czech Republic since 1993 to 2013, when its size in 2013 was estimated at 16% of GDP.
  • About thirty years ago, economists specify the phenomenon of the shadow economy. Exploring the shadow economy has been accompanied by efforts to its precise definition, accurate measurement and interpretation of the consequences of this phenomenon. The main problem from the perspective of economic policy due to the existence of the shadow economy is its effect on the process of creating appropriate economic policies. The high level of the shadow economy is reflected in the unreliability of macroeconomic aggregates. The implementation of economic policy decisions based on these distorted macroeconomic data, are mostly ineffective. This article aims to estimate the size of the shadow economy in the Czech Republic between 1993 and 2013 using the monetary approach. Available empirical results point to a growing trend in the size of the shadow economy in the Czech Republic since 1993 to 2013, when its size in 2013 was estimated at 16% of GDP. (en)
Title
  • Estimating the Size of the Shadow Economy in the Czech Republic
  • Estimating the Size of the Shadow Economy in the Czech Republic (en)
skos:prefLabel
  • Estimating the Size of the Shadow Economy in the Czech Republic
  • Estimating the Size of the Shadow Economy in the Czech Republic (en)
skos:notation
  • RIV/61989100:27510/14:86090772!RIV15-MSM-27510___
http://linked.open...avai/riv/aktivita
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  • S
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  • 15041
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  • RIV/61989100:27510/14:86090772
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  • Currency, Shadow Economy, Shadow, Estimation, Demand, Czech Republic (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [E892EB84CE2F]
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  • Ostravice
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  • Karviná
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  • Recenzovaný sborník příspěvků XII. mezinárodní vědecké konference Hospodářská politika v členských zemích Evropské unie : 16.-18. září 2014, Betline Forest Hotel, Ostravice
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http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Jajkowicz, Ondřej
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
number of pages
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  • Slezská univerzita v Opavě, Obchodně podnikatelská fakulta
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  • 978-80-7510-045-0
http://localhost/t...ganizacniJednotka
  • 27510
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