On the Use of the Hidden Economy Estimates

D.K. Bhattacharyya

Public Choice, 2004, vol. 118, issue 1_2, 169-181

Abstract: The linkages between the recorded economy and the hidden economy are still largely unknown. In this paper we establish one of the linkages by observing the importance of the `hidden economy' estimates in explaining the variation in consumer durable expenditures. The experiment was conducted with the published `hidden economy' estimates in Bhattacharyya (1990). It is observed that the estimated demand function for durable purchases is less complex than the demand functions appeared in the existing literature. The estimated equation raises a number of public policy issues, which are not apparent from other existing literature.

Date: 2004
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