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Christopher Bajada
''How Reliable are the Estimates of the Underground Economy?''
( 2002, Vol. 3 No.14 )
Economists have proposed several different econometric techniques for measuring the underground economy but these estimates have varied widely and have cast doubts on their credibility and usefulness. This paper describes a dynamic bootstrap routine for constructing confidence intervals for these estimates. This approach avoids the need for subjective opinion on the relative merit of each technique and offers a way to assess the reliability of the various econometric methodologies that have been used.
Keywords: bootstrap
JEL: C1 - Econometric and Statistical Methods: General
Manuscript Received : Jul 17 2002 Manuscript Accepted : Jul 19 2002

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