The Underground Economy of Czech Republic and Tax Evasion: The Currency Demand Approach
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43909239" target="_blank" >RIV/62156489:43110/16:43909239 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.502" target="_blank" >http://dx.doi.org/10.1016/j.sbspro.2016.05.502</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.502" target="_blank" >10.1016/j.sbspro.2016.05.502</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
The Underground Economy of Czech Republic and Tax Evasion: The Currency Demand Approach
Popis výsledku v původním jazyce
This study investigates the underground economy of Czech Republic and the associated losses in tax revenue. The presence of an underground economy may not necessarily be bad for the economies in which they prevail but they could cause huge losses to government revenue and could also constitute serious violation of labour regulations. The study uses the Currency Demand Approach. It measures the size of the underground economy in two stages: a) the econometric estimation of an aggregate money demand equation b) the calculation of the value of the underground economy through the quantity theory of money. The key variables in the study include: the total currency held outside the banking system, the number of automatic teller machines, the deposit interest rate, GDP deflator, the average tax, velocity of money, nominal GDP and nominal money supply. The results from the study show that the underground economy of Czech Republic on the average is about 20.9% as at the end of 2013 and the country loses an average tax revenue of about 7.2% of GDP yearly. The data was obtained from the World Bank country indicators and the International Financial Statistics.
Název v anglickém jazyce
The Underground Economy of Czech Republic and Tax Evasion: The Currency Demand Approach
Popis výsledku anglicky
This study investigates the underground economy of Czech Republic and the associated losses in tax revenue. The presence of an underground economy may not necessarily be bad for the economies in which they prevail but they could cause huge losses to government revenue and could also constitute serious violation of labour regulations. The study uses the Currency Demand Approach. It measures the size of the underground economy in two stages: a) the econometric estimation of an aggregate money demand equation b) the calculation of the value of the underground economy through the quantity theory of money. The key variables in the study include: the total currency held outside the banking system, the number of automatic teller machines, the deposit interest rate, GDP deflator, the average tax, velocity of money, nominal GDP and nominal money supply. The results from the study show that the underground economy of Czech Republic on the average is about 20.9% as at the end of 2013 and the country loses an average tax revenue of about 7.2% of GDP yearly. The data was obtained from the World Bank country indicators and the International Financial Statistics.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
BB - Aplikovaná statistika, operační výzkum
OECD FORD obor
—
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2016
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Procedia - Social and Behavioral Sciences
ISBN
—
ISSN
1877-0428
e-ISSN
—
Počet stran výsledku
8
Strana od-do
294-301
Název nakladatele
Elsevier Science BV
Místo vydání
Amsterdam
Místo konání akce
Brno
Datum konání akce
10. 3. 2016
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
000386948700035