Income measurement and comparisons

Ignacio Mauleón () and Jordi Sardà ()

International Advances in Economic Research, 2000, vol. 6, issue 3, 475-487

Abstract: The purpose of this paper is to provide a way for better measuring a country's global income when official statistics fail to account for the existence of a thriving underground, or black economy. Another purpose of this research is to discuss adequate ways to perform international comparisons of income, and income per head, and to correct for depreciation. Besides the general interest of this problem, there are two more specific reasons behind this work. First, the allocation of development funds by international agencies (for example, the structural funds in the European monetary system) are conditioned on this measure. Second, the measurement of unemployment may be totally distorted by failing to account for the hidden economy. Copyright International Atlantic Economic Society 2000

Date: 2000
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DOI: 10.1007/BF02294966

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