The Shadow Economy Analysis in the Czech Republic
| Author: | Bc. Petr Filipec |
|---|---|
| Year: | 2011 - summer |
| Leaders: | doc. Petr Janský Ph.D. |
| Consultants: | |
| Work type: | Bachelors |
| Language: | English |
| Pages: | 59 |
| Awards and prizes: | B.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance |
| Link: | |
| Abstract: | The paper contains of two main parts. First one is focused on presenting a theoretical background considering the shadow economy. It provides definitions, causes, consequences and methods to estimate the informal economy. In second part we present estimates of the size of the shadow economy in the Czech Republic from 1990 to 2009 using Kaufmann - Kaliberda and currency demand approach. We also analyze the obtained development of the shadow and overall economic activity. According to currency demand method results the size of the informal economy decreased from 18.4% to 14.2 - 15.7% of official GDP over the period 1994 to 2009, but it stagnates in constant prices. Hence, the development of overall and official economic activity does not differ significantly. Kaufmann - Kaliberda method results turned out to be implausible because of the construction of this model. |
| Downloadable: | Bachelor Thesis of Filipec |
