This study provides an estimate of the size of the informal economy
in the Nether lands in the period 1965-1982. In this study the
informal economy has been defined statistically as that part of the
non-registered national product which involves monet ary
transactions. Bartering activities and transactions outside the
market are thus left completely out of consideration. The same is
true of those market transactions which, despite their illegal or
underground nature, are already included in the national pro duct
published by the Central Bureau of Statistics (CBS) because of its
measuring methods. According to the CBS (1983a) these transactions
account for 5 to 10% of national income. This means that the
estimate of the informal economy will be smal ler when the
statistical registration is more comprehensive and a wider starting
point is chosen than the market. The term underground economy as
used in a fiscal context therefore means something else than the
statistical term informal economy used in this study I. The
phenomenon of the informal economy emanates partly from the usual
measuring conventions; at the same time it is also an expression of
economic behav iour motivated by economic incentives and conditions
which aims to keep such econ omic dealing concealed. This study
attempts to quantifY the size of that informal economy partly on
the basis of economic behaviour. Observable monetary trans actions
were the main starting point."
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