ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 7 / 2010 (548)

Quantitative Methods for Evaluating the Informal Economy. Case Study at the Level of Romania

Tudorel ANDREI
Bucharest Academy of Economic Studies
Daniela ŞTEFĂNESCU
„Spiru Haret” University, Bucharest
Bogdan OANCEA
„Nicolae Titulescu” University, Bucharest

Abstract. The evaluation of the hidden economy involves major difficulties related to the use of an adequate methodology and to ensuring the necessary database for estimating some econometric models and some economic variables. The studies conducted showed that the size and forms of the informal economy differ from one country to another. The transition from the economies of the former socialist countries led to an increase in the size of the hidden economy. The highest levels are recorded in some former Soviet republics and in some South American countries. The evaluations made at the level of Romania estimated that the hidden economy accounts for approximately 30% of the Gross Domestic Product. This paper evaluates the size of the hidden economy on the basis of an econometric approach which assesses the cash outside the banking system according to various factors and to its use in official and hidden economy transactions.

Keywords: informal economy; econometric model; cash outside the banking system; monetary method; regression models.

Download the full article:  

Contents

The Natural Median
Marin Dinu

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail: economia.ta@edeconomica.com

© 2006-2025 Theoretical and Applied Economics