{"id":17296,"date":"2025-03-26T15:24:51","date_gmt":"2025-03-26T13:24:51","guid":{"rendered":"https:\/\/www.poleconomix.gr\/portal\/?p=17296"},"modified":"2025-03-26T15:24:51","modified_gmt":"2025-03-26T13:24:51","slug":"mining-insights-from-the-underground-economy","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/mining-insights-from-the-underground-economy\/","title":{"rendered":"Mining insights from the underground economy"},"content":{"rendered":"\n<p>Francesco Pappad\u00e0\u00a0 Kenneth Rogoff<strong>\u00a0<\/strong><\/p>\n\n\n\n<p>Economists have long struggled to measure the informal economy, despite its significant role in global economic activity. Previous methods have relied on indirect proxies such as cash circulation or electricity usage, or on inferences based on highly structured macroeconomic models. This column introduces a new, algorithmic and easily updateable approach to estimating informal activity in Europe, utilising VAT data and consumption surveys. While the approach works particularly well for Europe, it can in principle can be extended to other countries where value added taxes are a major source of revenue.<\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: Voxeu<\/p>\n\n\n\n<p><a href=\"https:\/\/cepr.org\/voxeu\/columns\/mining-insights-underground-economy\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Francesco Pappad\u00e0\u00a0 Kenneth Rogoff\u00a0 Economists have long struggled to measure the informal economy, despite its significant role in global economic activity. Previous methods have relied on indirect proxies such as cash circulation or electricity usage, or on inferences based on highly structured macroeconomic models. This column introduces a new, algorithmic and easily updateable approach to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,39,4],"tags":[],"class_list":["post-17296","post","type-post","status-publish","format-standard","hentry","category-18","category-39","category-proposals"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=17296"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17296\/revisions"}],"predecessor-version":[{"id":17297,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17296\/revisions\/17297"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=17296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=17296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=17296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}