نوسانات اقتصاد کلان: نقش اقتصاد غیررسمی
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|45830||2014||16 صفحه PDF||سفارش دهید||10722 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : European Economic Review, Volume 70, August 2014, Pages 454–469
Many countries have a large informal economy that is poorly measured in the national accounts. I develop a two-sector small open economy business cycle model where one sector is formal and the other is informal, and explore the effect that the informal sector has on measured business cycles. I show that if the informal economy is poorly measured, the model can generate a volatility of measured consumption that is higher than that of output, as observed in many developing countries and some developed countries, even though actual consumption is not nearly as volatile. My results illustrate the importance of the informal sector and its mis-measurement in understanding measured cyclical fluctuations.