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Controversy: On The Use Of The `Hidden Economy' Estimates
Oleh:
Dixon, Huw
Jenis:
Article from Journal - ilmiah internasional
Dalam koleksi:
The Economic Journal (EBSCO) vol. 109 no. 456 (Jun. 1999)
,
page 335-337.
Topik:
hidden economy
Fulltext:
335.pdf
(59.05KB)
Isi artikel
The Isa Upanishad tells us that there are two aspects to reality: the manifest and the unmanifest. To know reality is to know these two together. In the same way, there are two aspects to an economy, the recorded and the `hidden economy'.1 In order to understand an economy, you need to know the hidden as well as the recorded. The hidden aspect of the economy consists of a mixture of non-market economics activities (such as home production), illegal market activities (such as prohibited production and distribution of proscribed substances) and legal market activities that are kept hidden for reasons such as tax-evasion.
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