Belgium: Selected Issues

April 7, 2000

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Format: Chicago

Belgium: Selected Issues, (USA: International Monetary Fund, 2000) accessed November 24, 2024

Summary

Measuring the size of the underground economy is obviously a difficult task. This paper reviews the literature, as applied to Belgium and elsewhere, on the determinants of the gray economy. The methods that have been used to measure the size of the gray economy are also discussed. The estimates for Belgium are updated using the currency demand approach. The major theory of the gray economy focuses on taxes, which drive a wedge between net incomes and gross labor costs.

Subject: Currencies, Economic sectors, Income and capital gains taxes, Informal economy, Labor, Money, Social security contributions, Taxes

Keywords: Changes in the gray economy, CR, Currencies, Currency, Currency-money ratio, Demand approach, Demand equation, Determinants of Gray economy, Drive worker, Economy, Firm, Gray, Income and capital gains taxes, Informal economy, ISCR, Large Gray economy, Social security contributions, Worker

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/049
Stock No:

1BELEA0022000
ISBN:

9781451803150
ISSN:

1934-7685

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