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

被引：20

作者：

Ahumada, Hildegart ^{[2
]}

Alvaredo, Facundo ^{[1
,3
]}

Canavese, Alfredo ^{[2
,3
]}

机构：

[1] Paris Sch Econ, F-75014 Paris, France

[2] Univ Torcuato Tella, Buenos Aires, DF, Argentina

[3] Consejo Nacl Invest Cient & Tecn, RA-1033 Buenos Aires, DF, Argentina

来源：

ECONOMICS LETTERS | 2008年 / 101卷 / 02期

关键词：

Underground economy; Informality; Monetary method;

D O I：

10.1016/j.econlet.2008.06.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2008 Elsevier B.V. All rights reserved.

引用

页码：97 / 99

页数：3