MEASUREMENT METHODS OF THE NON-OBSERVED ECONOMY
The paper presents macroeconomic indirect methods, such as currency demand approach, physical input method and transaction approach, developed in order to achieve a comprehensive coverage of the unrecorded economy when the enhancement of direct statistic sources is not sufficient.
Generally, direct measurements should be preferred to indirect ones, but it is unrealistic to assume that full coverage of economic activities can be achieved only with statistics. In the meantime, the national account producers could reduce the strong reliance on indirect techniques with the use of more transparent procedures.
Key words: national accounts, unrecorded economy, currency demand approach, physical input method, transaction approach
JEL Classification: E41, E26, O17