The monetary method to measure the shadow economy: The forgotten problem of the initial conditions

Hildegart Ahumada 1 Facundo Alvaredo 2, 3, 4, 5 Alfredo Canavese 1, 5
1 Universidad Torcuato Di Tella
2 CREST - Centre de Recherche en Économie et Statistique
3 PSE - Paris School of Economics
4 PJSE - Paris-Jourdan Sciences Economiques
5 CONICET - Consejo Nacional de Investigaciones Científicas y Técnicas [Buenos Aires]
Abstract : We show that when the money demand function used to estimate the size of the shadow economy includes the lagged dependent variable, the need to assume a known initial condition reappears as it was the case in the early monetary methods.
Keywords : Underground economy Informality Monetary method
Document type :
Journal articles
Complete list of metadatas
https://hal-pjse.archives-ouvertes.fr/hal-00812857
Contributor : Caroline Bauer <>
Submitted on : Friday, April 12, 2013 - 10:22:00 PM
Last modification on : Tuesday, April 2, 2019 - 2:24:54 AM

Identifiers

Collections

ENS-PARIS | PJSE_PP | CNRS | PJSE_PHD | PARISTECH | PJSE | ENPC | EHESS | PSL | PSE | X | X-CREST | GENES | ENSAE

Citation

Hildegart Ahumada, Facundo Alvaredo, Alfredo Canavese. The monetary method to measure the shadow economy: The forgotten problem of the initial conditions. Economics Letters, Elsevier, 2008, 101 (2), pp.97-99. ⟨10.1016/j.econlet.2008.06.001⟩. ⟨hal-00812857⟩

Export

BibTeX TEI DC DCterms EndNote

Share

Metrics

Record views

432

Contact

Informations

CCSD