Annals of the University of Oradea: Economic Science (May 2009)

ESTIMATING THE SIZE OF ROMANIAN SHADOW ECONOMY USING THE CURRENCY DEMAND APPROACH

  • GHINARARU CATALIN,
  • DOBRE ION,
  • ALEXANDRU ADRIANA ANAMARIA

Journal volume & issue
Vol. 2, no. 1
pp. 623 – 631

Abstract

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In this paper, we estimate the size and the evolution of the Romanian shadow economy in the period 1998Q1-2008Q4, using a vector error correction model. A special attention it was given to the problem of non-stationarity and cointegration. The results ind

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