Series: IMF Working Papers
Author(s): Leandro Medina , Andrew Jonelis , and Mehmet Cangul
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 July 2017
Keywords: Uganda, South Africa, Rwanda, Senegal, Seychelles, Sierra Leone, Sudan, Swaziland, Tanzania, Togo
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable....