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New Estimates for the Shadow Economies of 11 Asian Countries from 2000 to 2014

In: Cash in East Asia

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  • Friedrich Schneider

    (Johannes Kepler University of Linz)

Abstract

The chapter presents estimations of the size of the shadow economies of Bangladesh, Cambodia, China, Indonesia, Japan, Laos, Malaysia, the Philippines, South Korea, Thailand and Vietnam over the period 2000–2014. According to my estimation the average size (over 2000–2014) of the shadow economy of Bangladesh is 33.7%, of Cambodia 45.4%, of China 12.0%, of Indonesia 29.0%, of Japan 9.2%, of Laos 27.5%, of Malaysia 28.9%, of the Philippines 32.6%, of South Korea 15.1%, of Thailand 39.0%, and of Vietnam 15.2%. I find that an increase in the burden of indirect taxation and the unemployment rate and less business freedom are the driving forces of the shadow economies of these eleven countries.

Suggested Citation

  • Friedrich Schneider, 2017. "New Estimates for the Shadow Economies of 11 Asian Countries from 2000 to 2014," Financial and Monetary Policy Studies, in: Frank Rövekamp & Moritz Bälz & Hanns Günther Hilpert (ed.), Cash in East Asia, chapter 0, pages 27-41, Springer.
    • Handle: RePEc:spr:fimchp:978-3-319-59846-8_3
    DOI: 10.1007/978-3-319-59846-8_3
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