PL EN


2009 | 24 | 94-111
Article title

SHADOW ECONOMY AND ITS RELATIONS WITH TAX SYSTEM AND STATE BUDGET IN POLAND

Selected contents from this journal
Title variants
Languages of publication
EN
Abstracts
EN
There are controversies regarding existing estimates of the size of shadow economy in Poland. Therefore this paper focuses on the measurement of shadow economy in Poland over the period 1995-2007. On the basis of monetary methods, an econometric model for currency demand is built. Using estimation results, the size of shadow economy is assessed. According to the estimates shadow economy declined in the period 1995-2007 starting from 40% of GDP in 1995 and reaching about 10% of GDP in 2007. The paper also analyses relations between shadow economy, state budget and tax system. A Vector Autoregressive model is estimated and Impulse Reaction Functions are drown, showing that an increase in indirect tax burden enlarges shadow economy. A contrary effect arises due to an increase in: a) direct tax burden; b) budget balance.
Keywords
Year
Issue
24
Pages
94-111
Physical description
Document type
ARTICLE
Contributors
  • Stanislaw Cichocki, Uniwersytet Warszawski, Wydzaial Nauk Ekonomicznych, ul. Dluga 44/50, 00-241 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10PLAAAA084827
YADDA identifier
bwmeta1.element.373a0617-4b00-3c93-8902-42d52b134423
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