Zangeneh, Hamid (2007): An Estimate of Iran’s Underground Economy: A Monetary Approach. Forthcoming in: comment une économie rentière fonctionne. Le cas de la République islamique d'Iran. (2011)
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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.
|Item Type:||MPRA Paper|
|Original Title:||An Estimate of Iran’s Underground Economy: A Monetary Approach.|
|Keywords:||Iranian economy; underground economy; cost of revolution in Iran; black market in Iran; unreported activities in Iran|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E26 - Informal Economy ; Underground Economy|
|Depositing User:||Hamid Zangeneh|
|Date Deposited:||24. Jan 2011 21:51|
|Last Modified:||15. Feb 2013 10:10|
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