Comprehensive Measures of GDP and the Unrecorded Economy

December 1, 2000

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Format: Chicago

Manik L. Shrestha, and Adriaan M. Bloem Comprehensive Measures of GDP and the Unrecorded Economy, (USA: International Monetary Fund, 2000) accessed September 18, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Comprehensive coverage of national accounts estimates is important; however, it is often thwarted by gaps in the recording of economic activity – the so-called “unrecorded economy”. This paper sets out pragmatic statistical approaches for incorporating the unrecorded economy in the national accounts. It describes sources and methods to capture the unrecorded economy and discusses specific issues that arise from the use of indirect sources and techniques. Furthermore, the paper elaborates approaches for collecting data on the unrecorded economy, particularly on economic activities of the household sector.

Subject: Consumption, Data collection, GDP measurement, Labor, National accounts

Keywords: Current price, Estimation procedure, General estimation method, Production activity, Source statistics, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2000/204
Stock No:

WPIEA2042000
ISBN:

9781451874495
ISSN:

1018-5941

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