ANAMARIA, ALEXANDRU ADRIANA; ION, DOBRE; CATALIN, GHINARARU - In: Annals of Faculty of Economics 2 (2009) 1, pp. 623-631
In this paper, we estimate the size and the evolution of the Romanian shadow economy in the period 1998Q1-2008Q4, using a vector error correction model. A special attention it was given to the problem of non-stationarity and cointegration. The results ind