Comprehensive Measures of Gdp and the Unrecorded Economy (Electronic book text)

For most of the uses of national accounts, comprehensive coverage is one of the most significant requirements; however, it is often thwarted by gaps in the recording of economic activity - the so-called "unrecorded economy." Several short-cut methods have been developed to achieve exhaustive national accounts estimates through a macro-modeling approach, but, as we explain in this paper, only a detailed examination of the data gaps and review of the possible sources and methods to cover them can result in estimates of decent quality.