Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?

This paper compiles alternative estimates of underground economies in twenty five transition countries during the transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures (which in varying degrees now include non-transparent imputations for the “nonobserved economy”) as well as the macro model estimates of the unrecorded economy.

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Year of publication:	2008-03-01
Authors:	Feige, Edgar L. ; Urban, Ivica
Institutions:	William Davidson Institute, University of Michigan
Subject:	Underground \| unrecorded \| unobserved \| non-observed \| NOE \| hidden \| informal \| shadow \| GDP \| national accounts \| transition economies

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Series:	William Davidson Institute Working Papers Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number wp913
Classification:	E26 - Informal Economy; Underground Economy ; E01 - Measurement and Data on National Income and Product Accounts and Wealth ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; P24 - National Income, Product, and Expenditure; Money; Inflation ; H26 - Tax Evasion ; O11 - Macroeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005784718