Economics, Econometrics and Finance
4 years ago

Canadian Underground Economy Linked to Measured GDP, Policy Implications Arise

The Canadian Underground and Measured Economies: Granger Causality Results
David E. A. Giles, Lindsay M. Tedds, Gugsa Werkneh

Paper Summary

The Canadian underground economy's size was studied in relation to reported GDP. Tests showed a clear link from official GDP to hidden output, but only a weak link in the opposite direction. This supports similar findings in New Zealand and has important policy implications.

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