Including Illegal Activity in the U.S. National Economic Accounts

Rachel Soloveichik
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Rachel Soloveichik: Bureau of Economic Analysis

BEA Working Papers from Bureau of Economic Analysis

Abstract: The internationally agreed guidelines for national economic accounts, System of National Accounts 2008 (hereafter referred to as SNA 2008) (United Nations Statistics Division 2008), explicitly recommend that illegal market activity should be included in the measured economy. This recommendation has not yet been implemented by the U.S. Bureau of Economic Analysis (BEA) because of challenges inherent in identifying suitable source data and differences in conceptual traditions. This paper explores how tracking illegal activity in the U.S. national economic accounts might impact nominal Gross Domestic Product (GDP), real GDP,

JEL-codes: E60 (search for similar items in EconPapers)
Date: 2019-07
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bea:wpaper:0167

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