How Reliable are the Estimates of the Underground Economy?

Chris Bajada ()

Economics Bulletin, 2002, vol. 3, issue 14, 1-11

Abstract: Economists have proposed several different econometric techniques for measuring the underground economy but these estimates have varied widely and have cast doubts on their credibility and usefulness. This paper describes a dynamic bootstrap routine for constructing confidence intervals for these estimates. This approach avoids the need for subjective opinion on the relative merit of each technique and offers a way to assess the reliability of the various econometric methodologies that have been used.

Keywords: bootstrap (search for similar items in EconPapers)
JEL-codes: C1 (search for similar items in EconPapers)
Date: 2002-07-19
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Citations: View citations in EconPapers (1)

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