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Comprehensive Measures of GDP and the Unrecorded Economy

Author

Listed:
  • Manik L. Shrestha
  • Adriaan M. Bloem

Abstract

Comprehensive coverage of national accounts estimates is important; however, it is often thwarted by gaps in the recording of economic activity – the so-called “unrecorded economy”. This paper sets out pragmatic statistical approaches for incorporating the unrecorded economy in the national accounts. It describes sources and methods to capture the unrecorded economy and discusses specific issues that arise from the use of indirect sources and techniques. Furthermore, the paper elaborates approaches for collecting data on the unrecorded economy, particularly on economic activities of the household sector.

Suggested Citation

  • Manik L. Shrestha & Adriaan M. Bloem, 2000. "Comprehensive Measures of GDP and the Unrecorded Economy," IMF Working Papers 00/204, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:00/204
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    Cited by:

    1. Edgar L. Feige & Ivica Urban, 2003. "Estimating the Size and Growth of Unrecorded Economic Activity in Transition Countries: A Re-evaluation of Electric Consumption Method Estimates and their Implications," Macroeconomics 0311010, EconWPA.
    2. Feige, Edgar L. & Urban, Ivica, 2008. "Measuring underground (unobserved, non-observed, unrecorded) economies in transition countries: Can we trust GDP?," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 287-306, June.
    3. Robert Pollin & James Heintz, 2003. "Informalization, Economic Growth and the Challenge of Creating Viable Labor Standards in Developing Countries," Working Papers wp60, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Maira Caño-Guiral, 2015. "The non-observed economy in Uruguay. A look at the first decade of the 21st century," Documentos de trabajo 2015004, Banco Central del Uruguay.

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