Portugal's Rising Unobserved Economy Share in a Single-country Study

• Tipo: Artigo em Revista Científica Internacional
• Data: 2024

Autores

Afonso, Óscar (Autor) FEP; Torres, N (Autor) Outra

Revista

Título: Prague Economic Papers

Vol. 33

Páginas: 565-598

ISSN: 1210-0455

Editora: VYSOKA SKOLA EKONOMICKA

Indexação

ISI Web of Knowledge - 0 Citações

Scopus - 0 Citações

Outras Informações

ID Authenticus: P-017-D8V

DOI: 10.18267/j.pep.873

Abstract (EN): We estimate that the Unobserved Economy (UnEc) share in Portuguese GDP rose to a maximum of 34.37% in 2022. The results suggest that cutting the tax burden and improving the efficacity of social benefits could reduce UnEc and foster inclusive growth. The rising UnEc share MIMIC estimates found in our single-country study, with variables suited to Portugal, contrast with the downward trend (from 22.2% in 2003 to 16.5% in 2021) in the MIMIC multi-country study by Schneider (2021), who uses different variables - mostly reflecting the economic structure of advanced economies - and does not report if and how country heterogeneity is dealt with. Compared to other recent single-country estimates for the European Union periphery, Schneider (2021) also underreports the UnEc share of (at least) Greece, Poland and Lithuania. Thus, we recommend that authorities prefer UnEc single-country estimates in their analysis and policy design and be aware of mentioned issues in multi-country results.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 34