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The rise and fall of the New Zealand underground economy: are the responses symmetric?

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  • David Giles

Abstract

Earlier research by the author indicates a causal relationship from measured real output in New Zealand, to output in the real underground economy. We investigate the possibility of asymmetries in this relationship, and test to see if the response of the underground economy to downturns in real GDP differs from the response to such upturns. No such evidence is found.

Suggested Citation

  • David Giles, 1999. "The rise and fall of the New Zealand underground economy: are the responses symmetric?," Applied Economics Letters, Taylor & Francis Journals, vol. 6(3), pages 185-189.
    • Handle: RePEc:taf:apeclt:v:6:y:1999:i:3:p:185-189
    DOI: 10.1080/135048599353609
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    References listed on IDEAS

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    1. Severin Borenstein & A. Colin Cameron & Richard Gilbert, 1997. "Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(1), pages 305-339.
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