Australia's Cash Economy: Are the Estimates Credible?
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Description
The method of 'excess sensitivity' of Bajada (1999, 2000, 2001) indicates a large underground economy in Australia, with estimates of unrecorded income approximately 15 per cent of official gross domestic product. These estimates concern policy-makers, especially those agencies responsible for national accounts, tax collection, economic stabilisation and law enforcement. We show that the method exhibits a severe form of non-robustness, in which the results change markedly with a simple change...[Show more]
Collections | ANU Research Publications |
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Date published: | 2005 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/50180 |
Source: | The Economic Record |
DOI: | 10.1111/j.1475-4932.2005.00277.x |
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File | Description | Size | Format | Image |
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01_Breusch_Australia's_Cash_Economy:_Are_2005.pdf | 137.45 kB | Adobe PDF |
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