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An Empirical Estimation of the Underground Economy in Ghana
Joint Authors
Asiedu, Edward
Stengos, Thanasis
Source
Economics Research International
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-07-21
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
The main aim of this paper is to estimate the size of the underground economy in Ghana during the period 1983–2003.
There is no agreement on the appropriate estimation approach to adopt to measure the size of the underground activities.
To this end, we employ the well-applied currency demand approach in our measurement.
Parameter estimates from the estimated currency demand equation are used in quantifying the ratio of “underground” to “measured” output/income for the Ghanaian economy.
The estimated long-run average size of the underground economy to GDP for Ghana over the period is 40%.
The underground economy is found to vary from a high of 54% in 1985 to a low of 25% in 1999.
Estimates may represent lower bound estimates.
American Psychological Association (APA)
Asiedu, Edward& Stengos, Thanasis. 2014. An Empirical Estimation of the Underground Economy in Ghana. Economics Research International،Vol. 2014, no. 2014, pp.1-14.
https://search.emarefa.net/detail/BIM-505808
Modern Language Association (MLA)
Asiedu, Edward& Stengos, Thanasis. An Empirical Estimation of the Underground Economy in Ghana. Economics Research International No. 2014 (2014), pp.1-14.
https://search.emarefa.net/detail/BIM-505808
American Medical Association (AMA)
Asiedu, Edward& Stengos, Thanasis. An Empirical Estimation of the Underground Economy in Ghana. Economics Research International. 2014. Vol. 2014, no. 2014, pp.1-14.
https://search.emarefa.net/detail/BIM-505808
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-505808