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Measurement Methods Of The Non-Observed Economy

Author

Listed:
  • Ivan Ungureanu, Clementina

    (National Institute of Statistics, Bucharest)

Abstract

The paper presents macroeconomic indirect methods, such as currency demand approach, physical input method and transaction approach, developed in order to achieve a comprehensive coverage of the unrecorded economy when the enhancement of direct statistic sources is not sufficient. Generally, direct measurements should be preferred to indirect ones, but it is unrealistic to assume that full coverage of economic activities can be achieved only with statistics. In the meantime, the national account producers could reduce the strong reliance on indirect techniques with the use of more transparent procedures.

Suggested Citation

  • Ivan Ungureanu, Clementina, 2003. "Measurement Methods Of The Non-Observed Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 15-21, June.
  • Handle: RePEc:rjr:romjef:v::y:2003:i:1:p:15-21
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    national accounts; unrecorded economy; currency demand approach; physical input method; transaction approach;

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • 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

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