Albu, Lucian-Liviu and Kim, Byung-Yeon and Duchene, Gerard (2002): An attempt to estimate the size of informal economy based on household behaviour modeling. Published in: Romanian Journal of Economic Forecasting , Vol. 1, : pp. 17-24.
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Having in view the three main methods for the estimation of the informal economy's size, the study focuses in the first part on data and methodological problems, trying at the same time to outline a few behavioral aspects by using only simple simulation models. Thus, based on a 288-sample and using different types of computations, the authors describe the households' participation in informal activities as varying between 20.4% and 30.6%. In the second part of the article, some more sophisticated dynamic models to simulate very complicated types of household behavior relating to participation in secondary activities and in informal economy are presented.
|Item Type:||MPRA Paper|
|Original Title:||An attempt to estimate the size of informal economy based on household behaviour modeling|
|Keywords:||Informal Economy; Estimation; Household's Behaviour|
|Subjects:||C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation
H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H31 - Household
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
|Depositing User:||Lucian Liviu Albu|
|Date Deposited:||28. Jan 2009 03:24|
|Last Modified:||17. Feb 2013 22:39|
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