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2019-07-26
Purchased
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332.4954 CHA
37477
2019-07-26
2019-07-26
BK
113921
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20200910123657.0
180713s2018 ii b 001 0 eng d
2018320412
9789352872817
(hardback)
9352872819
I-E-2018320412 ; 79-91
(OCoLC)on1044921905
(OCoLC)1044921905
Library of Congress -- New Delhi Overseas Office
DKAGE
eng
rda
DKAGE
OCLCF
DLC
lccopycat
lcode
a-ii---
HF5482.65.I4
C43 2018
332.4954 CHA
23
Chattopadhyay, Saumen,
author.
Macroeconomics of the black economy /
Saumen Chattopadhyay.
Hyderabad, Telangana, India :
Orient BlackSwan,
2018.
xx, 276 pages ;
23 cm
text
txt
rdacontent
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rdamedia
volume
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rdacarrier
Includes bibliographical references (pages 251-266) and index.
Contents: Preface. 1. Conceptualising corruption and the black economy. 2. Estimation of corruption and the black economy. 3. Real sector and the black economy. 4. Monetary sector and the black economy. 5. Accounting for illicit flows in an open economy. 6. Revisiting the Indian economy. Appendices. References. Index. In the clamour around the demonetisation of high-value Indian currency notes in 2016, a few questions were never asked: What is the black economy? Does it only include the illegal sector, i.e. drug trafficking and the like? How do we take into account illegal earnings from the legal sector, i.e. unreported or tax-evaded income? How do these illegal earnings contribute to consumption, and therefore money circulation? Do black profits slow down money circulation, or accelerate it? Macroeconomics of the Black Economy answers these questions and explains how we can factor in the entire gamut of illegalities when we study the economy as a whole. It looks at the concepts and measures of the black economy, its sources and mechanisms, and its implications for development policy. Moving away from previous studies that examine corruption and tax evasion only from a microeconomic perspective, this book analyses the implications of these measures for the macro-economy as a whole. The book begins with a detailed study of early attempts at modelling the black economy. The author then incorporates black incomes into this model of estimation and studies its impact on the government expenditure multiplier. Following this, he studies the implications of the black economy on external balance, by reformulating the balance of payment to study illegalities in exports and imports, and illegal flight of capital through hawala and other channels in an open economy. The book ends with a detailed study of the Indian macro-economy in the light of these insights. This work applies not only to India but also to every developing economy around the world, and will interest students of economics and development studies
2000-2099
fast
Black market
India.
Monetary policy
India.
Taxation
India.
Black market.
fast
(OCoLC)fst00833723
Economic history.
fast
(OCoLC)fst00901974
Economic policy.
fast
(OCoLC)fst00902025
Monetary policy.
fast
(OCoLC)fst01025230
Taxation.
fast
(OCoLC)fst01143876
India
Economic conditions
21st century.
India
Economic policy.
India.
fast
(OCoLC)fst01210276
7
par
copycat
3
ncip
20
y-gencatlg
ddc
BK