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Measuring the Non-Observed Economy: A Handbook OECD
Measuring the Non-Observed Economy: A Handbook

Book Description
Good-quality national accounts are vital for economic policy making and research. An important aspect of their quality is the extent to which they cover all economic activities. However, exhaustive coverage is difficult to achieve. Activities may have been excluded from the statistics used to compile the national accounts because they are underground, illegal, informal, household production for own final use, or due to deficiencies in the basic data collection system. Such activities are said to comprise the non-observed economy, and including them in the national accounts is referred to as measurement of the non-observed economy.

The aim of the Handbook is to identify and promote best practice for measurement of the non-observed economy that is consistent with international standards and, in particular, with the 1993 System of National Accounts. In addition, the Handbook indicates how stand-alone estimates of the informal sector, of underground production, of household production for own final use, and of some illegal activities, may be obtained.

The Handbook has been prepared by a team of experts from the OECD, the International Labour Organisation, the International Monetary Fund, the Interstate Statistical Committee of the Commonwealth of Independent States, the Italian National Statistical Institute, Statistics Netherlands, the Russian Federation State Statistical Committee, and the University of Versailles. A working draft of the Handbook was the subject of a Non-Observed Economy Workshop organised jointly by the OECD, Eurostat and the Russian Federation State Statistical Committee in Sochi, October 2000.

The Handbook is aimed at producers and users of macroeconomic statistics. The primary audience is the staff of statistical offices involved in the collection of macroeconomic statistics and preparation of the national accounts. In addition, the Handbook may prove useful to those who have reason to be concerned about overall levels of economic production and what may be missing. It may also benefit researchers and journalists who are confronted with a plethora of alternative measures of the underground, hidden, shadow economy, etc., and who would like to know why these measures are all different and which can be regarded as the most reliable.

This book may be purchased at the OECD Online bookshop at: http://oecdpublications.gfi-nb.com/cgi-bin/OECDBookShop.storefront/EN/product/302002051E1

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