Abstract
Concern has increased in Canada and elsewhere over the part of economic activity that escapes traditional measurement methods. If the irregular economy is large, economic policies are likely based on misleading figures for GNP, GNP growth rates, unemployment, and inflation. The equity, efficiency, and self-assessment aspect of the tax system is also brought into question. This paper, based on methods similar to those used for the United States, provides three estimates of Canada's irregular economy. Estimates range from 5 to 20 per cent of total economic activity. The potential size of the problem suggests that it deserves much more attention.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
