The monetary method to measure the shadow economy: The forgotten problem of the initial conditions

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 101
Issue: 2
Pages: 97-99

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that when the money demand function used to estimate the size of the shadow economy includes the lagged dependent variable, the need to assume a known initial condition reappears as it was the case in the early monetary methods.

Technical Details

RePEc Handle
repec:eee:ecolet:v:101:y:2008:i:2:p:97-99
Journal Field
General
Author Count
3
Added to Database
2026-01-24