October 11 – Mario Solis on the “Shadow Economy”

The Freeman Center for International Economic Policy sponsors the Global Policy Seminar/Workshop series every otherTuesday. The sessions are held from 12:45 to 2:00 pm in the Stassen Room (Room 170) of the Humphrey School. The next three presentations are:

October 11 – Mario Solis on the “Shadow Economy”

October 25 – Cosette Creamer on Judicial Balancing of Trade Authority in the WTO

November 8 – Joel Waldfogel and Paul Vaaler on Israel’s Omission from Airline Route Maps

Freeman Center for International Economic Policy, Humphrey School of Public Affairs, presents a Workshop on Global Policy

Professor Mario Solis

Macalester College

will speak on

The “Shadow Economy” and How to Measure It
12:45 - 2:00 pm

Tuesday, October 11

The Stassen Room (Room 170)

Humphrey School, West Bank Campus

As countries face increasing public demand to collect taxes, the “shadow economy” outside of the reach of authorities takes on increasing importance. Professor Solis proposes a novel methodology for measuring the size of the shadow economy based on a dynamic deterministic general equilibrium model. He and a colleague build a model with a formal and a shadow sector and allow for four different trends: hours worked, investment-specific productivity, formal productivity, and shadow productivity. They apply their methodology to a large set of countries and derive some preliminary facts about shadow economy sizes and their movements over time.

All are welcome!  Refreshments will be served
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