The linkages between the recorded economy and the hidden economy are still largely unknown. In this paper we establish one of the linkages by observing the importance of the `hidden economy' estimates in explaining the variation in consumer durable expenditures. The experiment was conducted with...

This paper examines the problem of updating existing estimated hidden economy series. For 2-3 years, the existing generating process provides reasonably accurate estimates. However, updating for a longer period requires re-estimating the hidden economy. The problem is very similar to the problem...