Estimación del tamaño de la economía oculta por medio de la demanda por circulante. Una revisión de la metodología con una ilustración para Argentina

Hildegart Ahumada (), Alfredo Canavese, Paula Canavese () and Facundo Alvaredo ()
Additional contact information
Hildegart Ahumada: Universidad Torcuato Di Tella
Paula Canavese: University of Chicago

Revista de Analisis Economico – Economic Analysis Review, 2003, vol. 18, issue 1, pages 103-115

Abstract: The "monetary method" to measure the size of the shadow economy is based on econometric estimates of the demand for currency. These estimates are used to reckon the currency held by economic agents in excess of the amount they need to finance registered transactions. This excess of currency multiplied by the income-velocity of circulation (assumed to be equal in the registered and the shadow economies) allows measuring unregistered GDP (the size of the shadow economy).

Keywords: demand for currency; income-velocity of circulation; measuring unregistered GDP (search for similar items in EconPapers)
JEL-codes: H3 K4 (search for similar items in EconPapers)
Date: 2003
View list of references View citations in EconPapers

Downloads: (external link)
http://www.economia.uahurtado.cl/pdf/publicaciones/Ahumada2003.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ila:anaeco:v:18:y:2003:i:1:p:103-115

Ordering information: This journal article can be ordered from

Access Statistics for this article

Revista de Analisis Economico – Economic Analysis Review is edited by James Albrecht

More articles in Revista de Analisis Economico – Economic Analysis Review from Ilades-Georgetown University, Economics Department
Contact information at EDIRC.
Series data maintained by Marcela Perticara ().