| 000 -LEADER |
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| fixed length control field |
01426pab a2200169 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
180718b2004 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Lin, Wen Rong |
| 245 ## - TITLE STATEMENT |
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| Title |
A note on investigating causal link between the hidden economy and real GDP in Taiwan, 1962-2001 |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2004 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.545-54. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
Jan |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
In this study, we first re-estimate the size of the hidden economy based on Tanzi's (1983) currency-ratio approach for the first time in the Taiwan context covering such a long time period (1962-2001); second, we investigate time series properties of the estimated real hidden economy and real GDP, and third, we test the hypothesis of a long-run relationship and causal link between the estimated hidden economy and real GDP over this sample period. The test result indicates that these two variables are cointegrated with one vector indicating a long-run equilibrium relationship exists between-these two variables. Granger-causality test result based on vector error-correction model (VECM) suggests a bi-directional causality (feedback) between these two variables. This result poses a dilemma for Taiwan policy makers who wish to stimulate economic growth and also minimize the size of the "tax gap" in Taiwan over this sample period. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Economic growth - Raiwan |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Economic growth |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Indian Journal of Economics |
| 909 ## - |
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| -- |
59875 |
