THE PROBLEM OF QUANTIFYING THE UNDERGROUND ECONOMY: APPLYING THE METHOD OF METERED RESOURCES

Galina Ulian () and Iulia Caprian
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Galina Ulian: USM

ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, 2013, issue 4, 25-30

Abstract: The Underground Economy is a „shadow” of the real economy, endowed with elastic properties: it can be large, small (although not null) based on the specifics of a country, its leaders, economic and legal policies. In relation to the real economy, which is monitored by authorities, the underground economy is usually in a state of growth. In this context, methodologically-practical developments for quantitative estimation of unofficial economic activities are of interest. The problem is generated by a lack of a statistical accounting system, a system of economical indicators in the real economy that would serve as basis for a quantitative estimate of indicators pertaining to the underground economy.

Keywords: shadow economy; financial economics; resource count; "laundering" of money; methods of estimation of the shadow economy; analytical data processing methods; direct and indirect methods; economic and legal mechanisms for sanctioning national oligarchy. (search for similar items in EconPapers)
JEL-codes: B26 C02 C11 C82 H26 H27 H32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nos:ycriat:73

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