Feige, Edgar L.; Urban, Ivica - 2008
considerable skepticism. Underground
(unobserved, non-observed, unrecorded) economic activities play a major role in
transition … economies. Evaluations of the success and failure of the transition
experience should be based on estimates of total economic … activity (TEA) namely,
recorded plus unrecorded economic activity. We examine the conceptual and
empirical relationships …