The author’s main goal was not to estimate separately various components of the non-observed economy, but to ensure exhaustive and reliable estimates of the GDP as one of the most important indicators of the economic activities. The present methodology is the result of intensive research in...

Competitiveness and corruption are now - more than ever before - two real challenges for Romania on its way to the European integration. The theoretical approaches to those concepts did not get to a unanimous and happy end and the real figures that evaluate them are not at all pleasing for...

This paper discusses alternative approaches to the measurement of the informal economy in Romania. The author proposes two essential criteria regarding the economic classification, namely whether the respective activities are or are not reported through an official established document and...

The paper presents macroeconomic indirect methods, such as currency demand approach, physical input method and transaction approach, developed in order to achieve a comprehensive coverage of the unrecorded economy when the enhancement of direct statistic sources is not sufficient. Generally,...

The author investigates here the impact of taxes on the size of the underground economy. Starting from the reference model of Allingham and Sandmo (1972), he derives three other sub-models from which it constructs a general model. The author used this model to evaluate the limits between which...

The paper aims to analyze the causes or the motivations of the households’ informal economy activities and to estimate the size of the Romanian informal economy. Using data for Romania, it was found that people perceived high taxes as the main cause of the informal activities. The data...

Performance in the manufacturing sector, in relation to productivity growth, scale efficiency and technical efficiency in India is dichotomous in nature, depending on whether the firm in question functions in the formal or informal sector. The main differences between these two sectors and the...

The estimation of potential output gap is useful for the identification of a sustainable growth rate without inflationary pressures. In order to derive the potential output decomposition statistical methods and structural relationships estimation methods are used. The former tries to separate a...

The paper is meant to lead the way in the field of economic analysis in Romania, trying to evaluate by data the capacity of the Romanian economy to face the competition pressures from the Single European Market. Within the paper, the unit labor cost is approached as an indicator reflecting...

This paper presents the main findings resulted from indicators analysis (gross value added, gross operating surplus, gross national income, etc.) which characterize the institutional sectors – the ones emphasizing the different behaviors and results between the competition and non-competition...