An Estimate of Iran’s Underground Economy: A Monetary Approach

Hamid Zangeneh

MPRA Paper from University Library of Munich, Germany

Abstract: It is important to note that in rationalizing the low GDP, there are those who believe that the officially reported GDP is only a part of the total actual real GDP. That is, some believe that a large part of Iranian economy is not reported. Therefore, there is a great deal of underground (unreported) economic activities in Iran that are not included in the reported data. Even though one cannot deny the existence of this unofficial underground economy, it cannot be shown that they are not included in the official data reported by the Central Bank of Iran. Therefore, we can safely assume that, by all approximations, the official data to be a good representative of actual real Iranian economy and the proposition of much larger economy due to the existence of a large underground economy beyond and in addition to the officially published data is, more or less, an exaggeration.

Keywords: Iranian economy; underground economy; cost of revolution in Iran; black market in Iran; unreported activities in Iran (search for similar items in EconPapers)
JEL-codes: E26 (search for similar items in EconPapers)
Date: 2007, Revised 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/26619/1/MPRA_paper_26619.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26619

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().