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Some Estimations Concerning The Informal Economy In Romania

Author

Listed:
  • Dobrescu, Emilian

    (National Institute of Economic Research, Romanian Academy, Bucharest)

Abstract

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 whether they are or are not included in the national accounts. Starting from these concepts, a reestimate of the size of the informal economy in Romania is performed.

Suggested Citation

  • Dobrescu, Emilian, 2001. "Some Estimations Concerning The Informal Economy In Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 7-15, June.
    • Handle: RePEc:rjr:romjef:v::y:2001:i:1:p:7-15
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    More about this item

    Keywords

    national accounts; underground economy; transition economies;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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