Shadow economy over the business cycle: how do formal and informal cycles interact?

dc.contributor	Graduate Program in Economics.
dc.contributor.advisor	Elgin, Ceyhun.
dc.contributor.author	Birinci, Serdar.
dc.date.accessioned	2023-03-16T12:00:47Z
dc.date.available	2023-03-16T12:00:47Z
dc.date.issued	2013.
dc.identifier.other	EC 2013 B57
dc.identifier.uri	http://digitalarchive.boun.edu.tr/handle/123456789/16436
dc.description.abstract	In this thesis, first, relying on a two-sector dynamic general equilibrium model, I construct quarterly estimates of shadow economy size for 15 advanced economies for a time period from 1960 to 2010. This gives me the largest quarterly shadow economy size data in the literature. Next, using this novel data, I provide a comprehensive empirical characterization of the linkages between the formal and the shadow economies around the business cycles. The results indicate that the shadow economy size as a percentage of official GDP is generally countercyclical and a larger shadow economy is associated with a larger amplitude and longer duration of formal expansions and larger amplitude of formal recessions.
dc.format.extent	30 cm.
dc.publisher	Thesis (M.A.) - Bogazici University. Institute for Graduate Studies in the Social Sciences, 2013.
dc.subject.lcsh	Informal sector (Economics)
dc.subject.lcsh	Business cycles.
dc.title	Shadow economy over the business cycle: how do formal and informal cycles interact?
dc.format.pages	viii, 35 leaves ;