The non-observed economy comprises production activities that are illegal, underground, informal, or otherwise missed by the statistical system. Unless efforts are made to deal with such activities, economic indicators are under estimated. This can be a serious issue, particularly in transition and emerging economies. Given the miscellany of possible approaches, there is a need to identify and promote international best practice. This is the aim of the Handbook for Measurement of the Non-Observed Economy.
Also In This Category
Optionally provide your comments to help us improve this article...
Thank you for your feedback!
Created: 6 Years Ago
Created By: FP National Accounts
Last Modified: 6 Years Ago
Last Modified By: FP National Accounts
Article not rated yet.
Article has been viewed 12.2K times.