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Estimación del tamaño de la economía oculta por medio de la demanda por circulante. Una revisión de la metodología con una ilustración para Argentina

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Author Info
Hildegart Ahumada () (Universidad Torcuato Di Tella)
Alfredo Canavese () (Universidad Torcuato Di Tella y CONICET)
Paula Canavese () (University of Chicago)
Facundo González Alvaredo () (Delta Paris y CONICET)

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Abstract

The "monetary method" to measure the size of the shadow economy is based on econometric estimates of the demand for currency. These estimates are used to reckon the currency held by economic agents in excess of the amount they need to finance registered transactions. This excess of currency multiplied by the income-velocity of circulation (assumed to be equal in the registered and the shadow economies) allows measuring unregistered GDP (the size of the shadow economy).

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File URL: http://www.economia.uahurtado.cl/pdf/publicaciones/Ahumada2003.pdf
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Publisher Info
Article provided by Ilades-Georgetown University, Economics Department in its journal Revista de Analisis Economico.

Volume (Year): 18 (2003)
Issue (Month): 1 (June)
Pages: 103-115
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Handle: RePEc:ila:anaeco:v:18:y:2003:i:1:p:103-115

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Related research
Keywords: demand for currency; income-velocity of circulation; measuring unregistered GDP;

Find related papers by JEL classification:
H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Tanzi, Vito, 1999. "Uses and Abuses of Estimates of the Underground Economy," Economic Journal, Royal Economic Society, vol. 109(456), pages F338-47, June. [Downloadable!] (restricted)
  2. Philip Cagan, 1958. "The Demand for Currency Relative to Total Money Supply," NBER Chapters, in: The Demand for Currency Relative to Total Money Supply, pages 1-37 National Bureau of Economic Research, Inc. [Downloadable!]
  3. Edgar L. Feige, 2004. "How Big IS the Irregular Economy?," Macroeconomics 0404005, EconWPA. [Downloadable!]
  4. Friedrich Schneider & Dominik H. Enste, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March. [Downloadable!] (restricted)
  5. Rolf Mirus & Roger S. Smith, 1981. "Canada's Irregular Economy," Canadian Public Policy, University of Toronto Press, vol. 7(3), pages 444-453, Summer. [Downloadable!] (restricted)
  6. Phillip Cagan, 1958. "The Demand for Currency Relative to the Total Money Supply," Journal of Political Economy, University of Chicago Press, vol. 66, pages 303. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Facundo Alvaredo, 2007. "The Rich in Argentina over the twentieth century: From the Conservative Republic to the Peronist experience and beyond 1932-2004," PSE Working Papers 2007-02, PSE (Ecole normale supérieure). [Downloadable!]
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This page was last updated on 2009-11-26.


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