A statistical approach to modeling the underground economy in South Africa

Abstract

Aim/purpose – The underground economy is a major challenge across the world affecting both developed and developing economies. South Africa is no exception to this phenomenon and has lost billions of rands due to the underground economy. The aim of this study is to estimate the size of the underground economy in South Africa.

Keywords

• underground economy
• south africa
• currency demand approach
• c32
• o17
• h26
• c53