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Estimación del tamaño de la economía oculta por medio de la demanda por circulante

Author

Listed:
  • 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)

Abstract

Una revisión de la metodología con una ilustración para Argentina 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). Classification-JEL: H3, K4 Keywords: demand for currency, income-velocity of circulation, measuring unregistered GDP

Suggested Citation

  • Hildegart Ahumada & Alfredo Canavese & Paula Canavese & Facundo González Alvaredo, 2003. "Estimación del tamaño de la economía oculta por medio de la demanda por circulante," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 18(1), pages 103-115, June.
    • Handle: RePEc:ila:anaeco:v:18:y:2003:i:1:p:103-115
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    References listed on IDEAS

    as
    1. 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.
    2. Tanzi, Vito, 1999. "Uses and Abuses of Estimates of the Underground Economy," Economic Journal, Royal Economic Society, vol. 109(456), pages 338-347, June.
    3. Edgar L. Feige, 1979. "How Big Is the Irregular Economy?," Challenge, Taylor & Francis Journals, vol. 22(5), pages 5-13, November.
    4. Dominik H. Enste & Friedrich Schneider, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March.
    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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Facundo Alvaredo, 2007. "The Rich in Argentina over the twentieth century: From the Conservative Republic to the Peronist experience and beyond 1932-2004," Working Papers halshs-00588318, HAL.
    2. Edward L. Glaeser & Rafael Tella & Lucas Llach, 2018. "Introduction to Argentine exceptionalism," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 27(1), pages 1-22, December.
    3. Santos-Pérez, Rubén, 2016. "Estimación de la economía informal para México mediante un método monetario, 1970-2012," eseconomía, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 11(45), pages 71-103, Segundo s.

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    More about this item

    Keywords

    demand for currency; income-velocity of circulation; measuring unregistered gdp;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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