This paper investigates alternative estimates of the Non-Observed Economy (NOE) for 12 new European Union (EU) Member Countries during the transition period by an exploration of the reliability of the Gross Domestic Product (GDP) figures. The authors analyze several methodologies applied in various countries performing the Eurostat (2005) Pilot Projects on the Exhaustiveness (PPE); having in mind the different methods of measuring the shadow economy, the authors examine the relationship between selected economic aggregates to estimate the size and growth of the unrecorded sector using the Latent Variable Method to validate – as far as available – the official data, and to quantify the NOE phenomenon. The empirical results obtained by using this different estimation method do not reveal the same convergence as the experiences of the national statistical offices experiences have shown, which include various degrees in the lack of coverage being dependent on the different types of underground economic activities.

Some Alternative Estimates of Underground Economies in 12 New EU Member States

QUINTANO C
2010

Abstract

This paper investigates alternative estimates of the Non-Observed Economy (NOE) for 12 new European Union (EU) Member Countries during the transition period by an exploration of the reliability of the Gross Domestic Product (GDP) figures. The authors analyze several methodologies applied in various countries performing the Eurostat (2005) Pilot Projects on the Exhaustiveness (PPE); having in mind the different methods of measuring the shadow economy, the authors examine the relationship between selected economic aggregates to estimate the size and growth of the unrecorded sector using the Latent Variable Method to validate – as far as available – the official data, and to quantify the NOE phenomenon. The empirical results obtained by using this different estimation method do not reveal the same convergence as the experiences of the national statistical offices experiences have shown, which include various degrees in the lack of coverage being dependent on the different types of underground economic activities.
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/20.500.12570/17676
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
social impact