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Author: | Thomas, J. |
Title: | Quantifying the black economy: "Measurement without theory" yet again? |
Journal: | Economic Journal
1999 : JUN, VOL. 109:456, p. 381-389 |
Index terms: | ECONOMICS INFORMAL ECONOMY MEASUREMENT |
Language: | eng |
Abstract: | The author shows what should and /or can be done about legislating for or against the black economy. In assessing the various attempts to measure the size of the black economy, one should be aware of a political dimension to some of this work. Perhaps a large and growing black economy is an indication that the economy is over-taxed and over-regulated and a neo-liberal adjustment is needed to free it up? If a large part of the black economy is social security fraud, then maybe unemployment is not really as bad as it looks? |
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