ESTIMATING THE SIZE OF ROMANIAN SHADOW ECONOMY USING THE CURRENCY DEMAND APPROACH
Alexandru Adriana Anamaria (),
Dobre Ion () and
Ghinararu Catalin ()
Additional contact information Alexandru Adriana Anamaria: Academia de Studii Economice Bucuresti, Cibernetica, Statistica si Informatica Economica
Dobre Ion: Academia de Studii Economice Bucuresti, Cibernetica, Statistica si Informatica Economica
Ghinararu Catalin: Institutul National de Cercetare in Domensiul Muncii si Protectiei Sociale
Abstract:
In this paper, we estimate the size and the evolution of the Romanian shadow economy in the period 1998Q1-2008Q4, using a vector error correction model. A special attention it was given to the problem of non-stationarity and cointegration. The results ind