Pashardes, Panos; Polycarpou, Alexandros - In: Cyprus Economic Policy Review 2 (2008) 2, pp. 37-49
This paper uses a consumer demand based method to estimate the extent to which households in Cyprus under-report their income from self-employment, capital income and income from agriculture. On the basis of these estimates, the size of black economy appears to be around 7–8% of GDP. We find...