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The Underground Economy* - A Chance For The Poor?


  • Pelinescu, Elena

    (Institute for Economic Forecasting, Romanian Academy, Bucharest)


As it is known in Romania, as well as in other transitional economies, the deepening of the social inequities has been accompanied by informal activities. The current paper attempts to reveal the existing relationships between the underground economy and poverty and the profile of the households involved in informal activities having in view the occupational status, the age, the educational level and the degree of dependency. The most affected by poverty are not exceeding 10 years of school household head of families, the households of farmers, unemployed persons, retirees and paradoxically, part of the households of self-employed workers. * (The author thanks for the financial support of the 1998-2000 ACE Phare Programme. The opinions expressed in this paper do not reflect those of the European Union specialists).

Suggested Citation

  • Pelinescu, Elena, 2002. "The Underground Economy* - A Chance For The Poor?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 39-48, March.
  • Handle: RePEc:rjr:romjef:v::y:2002:i:1:p:39-48

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    References listed on IDEAS

    1. Barnett, William A. & Ronald Gallant, A. & Hinich, Melvin J. & Jungeilges, Jochen A. & Kaplan, Daniel T. & Jensen, Mark J., 1995. "Robustness of nonlinearity and chaos tests to measurement error, inference method, and sample size," Journal of Economic Behavior & Organization, Elsevier, vol. 27(2), pages 301-320, July.
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    3. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    4. Purica, Ionut & Caraiani, Petre, 2009. "Second Order Dynamics Of Economic Cycles," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 36-47, March.
    5. Scheinkman, Jose A, 1990. "Nonlinearities in Economic Dynamics," Economic Journal, Royal Economic Society, vol. 100(400), pages 33-48, Supplemen.
    6. Brock, W.A., 1988. "Nonlinearity And Complex Dynamics In Economics And Finance," Working papers 360, Wisconsin Madison - Social Systems.
    7. Takala, Kari & Viren, Matti, 1996. "Chaos and nonlinear dynamics in financial and nonfinancial time series: Evidence from Finland," European Journal of Operational Research, Elsevier, vol. 93(1), pages 155-172, August.
    8. Albu, Lucian Liviu, 2001. "Evolution Of Inflation-Unemployment Relationship In The Perspective Of Romania’S Accession To Eu," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 5-23, December.
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    More about this item


    underground economy; poverty;

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being


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