Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Real sector x
  • Financial and monetary sector x
  • General Economics and Teaching x
  • Public Finance x
  • Public financial management (PFM) x
  • Money and Monetary Policy x
  • Macroeconomics x
  • Debts, Public x
  • Monetary economics x
Clear All Modify Search
Cover IMF Working Papers
The Underground Economy: Estimation, and Economic and Policy Implications: The Case of Pakistan
Mr. Ghiath Shabsigh
This paper estimates the size of the underground economy in Pakistan and analyzes its impact on Government fiscal position and the allocation of economic resources in the national economy. The results suggest that there is a mutual dependency between the size of the underground economy and fiscal deficits, and show a leakage from the national income-expenditure cycle in the formal economy to the underground economy via private investments. Finally, the paper proposes long- and short-run policies to reduce the size of the underground economy.
Keywords:
WP; GDP deflator; deficit-UE cycle; integration equation; formal GDP; D ratio; import UEA; currency demand; causality equation; Private investment; Budget planning and preparation; Currencies; Income; Government debt management