Record Details

Measurement of the Underground Economy in Nepal: A Currency Demand Approach

Economic Journal of Development Issues

View Archive Info
 
 
Field Value
 
Title Measurement of the Underground Economy in Nepal: A Currency Demand Approach
 
Creator Raut, Nirmal Kumar; Central Department of Economics, Tribhuvan University
Chalise, Namuna; faculty of Economics, Reliance International Academy, Kathmandu
Thapa, Puja; Employee in Nabil Bank, Kathmandu
 
Subject Economics
Underground economy; Nepal; Currency demand method; Economic and financial crimes
 
Description There have been rising concerns on growing magnitude of Underground Economy in most of the economies irrespective of their state of development. The problem is more apparent in developing economies where legal and institutional arrangements are relatively weaker. This study attempts to estimate empirically the size of Underground Economy in Nepal. We use an indirect method of customized version of Currency Demand Method to measure the same and find that its coverage has been increasing throughout in the last two decades with the most alarming increment in the last two fiscal years 2011and 2012. We attribute these increments particularly to the 1996-2006 armed conflict; the increasing cases of economic and financial crimes; and a large informal sector.Economic Journal of Development Issues Vol. 17 & 18 No. 1-2 (2014) Combined Issue, Page: 105-127
 
Publisher Department of Economics Patan Multiple Campus
 
Contributor —
 
Date 2016-02-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-Reviewed Article
—
 
Format application/pdf
 
Identifier http://www.nepjol.info/index.php/EJDI/article/view/14523
10.3126/ejdi.v17i1-2.14523
 
Source Economic Journal of Development Issues; Vol 17 & 18 (2014); 105-127
2091-2285
2091-055X
 
Language eng
 
Relation http://www.nepjol.info/index.php/EJDI/article/view/14523/11799
 
Coverage Nepal
—
—
 
Rights Copyright (c) 2016 Economic Journal of Development Issues