Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?

@article{Feige2007MeasuringU,
  title={Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP?},
  author={E. Feige and I. Urban},
  journal={Institutions \& Transition Economics: Underground Economy eJournal},
  year={2007}
}
  • E. Feige, I. Urban
  • Published 2007
  • Economics
  • Institutions & Transition Economics: Underground Economy eJournal
Abstract This paper compiles alternative estimates of underground economies in twenty five transition countries during the transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures (which in varying degrees now include non-transparent imputations for the “non-observed economy”) as well as the macro model estimates of the unrecorded economy. A corollary of this finding is that substantive results from many studies examining… Expand
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