Using various methods estimates about the size of the shadow economy in 76 developing, transition and OECD countries are presented. The average size of the shadow economy (in percent of GDP) over 1989-93 in developing countries is 39%, in transition countries 23% and in OECD countries 12%. An...

The latest empirical results of the size of the shadow economy in 18 OECD countries are presented, using the currency demand approach to calculate the shadow economy over time. The results indicate a strong increase in the size of the shadow economy, over the period 1960 to 1998 and for 15 of...

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...

Recommended readings (Machine generated): Bruno S. Frey and Werner W. Pommerehne (1984), 'The Hidden Economy: State and Prospects for Measurement', Review of Income and Wealth, 30 (1), March, 1-23 -- Ann D. Witte (1987), 'The Nature and Extent of Unrecorded Activity: A Survey Concentrating on...