Measuring the Non Observed Economy

Measuring the Non Observed Economy

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Good-quality, comprehensive national accounts are vital for economicpolicymaking and research. Exhaustive coverage is difficult to achieve, however, because some economic activities may be illegal, informal, household production for own final use, or missed because of deficienciesin the data collection system. Such activities are said to constitute thenon-observed (qhidden, q qunderground, q or qshadowq) economy. ThisHandbook - the product of collaboration among the OECD, the IMF, ILO, ISC-CIS - identifies best practices for measuring the non-observed economy, consistent with international standards (in particular, with theSystem of National Accounts 1993).added of wholesalers and retailers are influenced negatively by theft. ... Thus, leaving aside the (negative) consequences of theft from producersa#39; inventories, value added is not affected by theft. ... This statement does not apply to an activity related to theft, namely trade in stolen goods, which is not explicitly addressed in theanbsp;...

Title:Measuring the Non Observed Economy
Author:International Monetary Fund
Publisher:International Monetary Fund - 2002-06-24


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