2013: Journal no. 4

THE PROBLEM OF QUANTIFYING THE UNDERGROUND ECONOMY: APPLYING THE METHOD OF METERED RESOURCES

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Authors:  
Galina ULIAN, PhD, Professor, USM
Iulia CAPRIAN, PhD, Associate Professor, USM

The Underground Economy is a „shadow” of the real economy, endowed with elastic properties: it can be large, small (although not null) based on the specifics of a country, its leaders, economic and legal policies. In relation to the real economy, which is monitored by authorities, the underground economy is usually in a state of growth. In this context, methodologically-practical developments for quantitative estimation of unofficial economic activities are of interest. The problem is generated by a lack of a statistical accounting system, a system of economical indicators in the real economy that would serve as basis for a quantitative estimate of indicators pertaining to the underground economy.

Keywords:  
shadow economy, financial economics, resource count, "laundering" of money, methods of estimation of the shadow economy, analytical data processing methods, direct and indirect methods, economic and legal mechanisms for sanctioning national oligarchy.