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- Title
Estimating the Size of the Danish Shadow Economy using the Currency Demand Approach: An Attempt.
- Authors
Schneider, Friedrich
- Abstract
The currency demand approach provides some insight into the size and development of the shadow economy in Denmark. Currency demand is statistically affected by tax rates. The difference in currency demand is calculated by comparing the actual tax burden over time to the lowest tax burden in the period 1952-82. The shadow economy grew steadily to 10 per cent (of GNP) in 1977 and then fluctuated between 7-10 per cent (of GNP) for the period 1978-82. The calculated size fits nicely with the results obtained using the same method for Norway, Sweden and West Germany.
- Subjects
DENMARK; INFORMAL sector; TAXATION; DANISH economy
- Publication
Scandinavian Journal of Economics, 1986, Vol 88, Issue 4, p643
- ISSN
0347-0520
- Publication type
Article
- DOI
10.2307/3440435