Estimates of the underground economy in Australia

Bajada, C

Estimates of the underground economy in Australia

Bajada, C

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Publication Type:: Journal Article
Citation:: Economic Record, 1999, 75 (231), pp. 369 - 384
Issue Date:: 1999-12-01

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Field	Value	Language
dc.contributor.author	Bajada, C https://orcid.org/0000-0003-0590-1492	en_US
dc.date.issued	1999-12-01	en_US
dc.identifier.citation	Economic Record, 1999, 75 (231), pp. 369 - 384	en_US
dc.identifier.issn	0013-0249	en_US
dc.identifier.uri	http://hdl.handle.net/10453/15699
dc.description.abstract	In an age of tighter government regulation, many individuals and businesses are distorting our notion of the size of the Australian economy by actively participating in the underground economy. The consequences are clear: policy makers have imperfect knowledge on the state of economic affairs. Although there exists considerable international literature on the size of the underground economy, academics and public officials alike appear to have paid little attention to the extent of illicit economic behaviour in Australia. The aim of this paper is to provide the first known time-series estimate of the size of the Australian underground economy and to illustrate that its existence has implications for the nature of the business cycle in Australia.	en_US
dc.relation.ispartof	Economic Record	en_US
dc.subject.classification	Economics	en_US
dc.title	Estimates of the underground economy in Australia	en_US
dc.type	Journal Article
utslib.citation.volume	231	en_US
utslib.citation.volume	75	en_US
utslib.for	140215 Public Economics- Taxation and Revenue	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	231	en_US
pubs.publication-status	Published	en_US
pubs.volume	75	en_US

Abstract:

In an age of tighter government regulation, many individuals and businesses are distorting our notion of the size of the Australian economy by actively participating in the underground economy. The consequences are clear: policy makers have imperfect knowledge on the state of economic affairs. Although there exists considerable international literature on the size of the underground economy, academics and public officials alike appear to have paid little attention to the extent of illicit economic behaviour in Australia. The aim of this paper is to provide the first known time-series estimate of the size of the Australian underground economy and to illustrate that its existence has implications for the nature of the business cycle in Australia.

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http://hdl.handle.net/10453/15699