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Article
The Productivity Slowdown and the Underground Economy
Quarterly Journal of Business and Economics
  • Rudy H. Fichtenbaum, Wright State University - Main Campus
Document Type
Article
Publication Date
7-1-1989
Abstract
The productivity slowdown in the 1970s and 1980s has received a great deal of attention in die literature. Most studies have assumed that the data measuring output are correct and that data problems are primarily in the area of measuring capital. This paper shows that a significant part of the observed productivity slowdown is due to the underreporting of income due to the growth of the underground economy.
Citation Information
Rudy H. Fichtenbaum. "The Productivity Slowdown and the Underground Economy" Quarterly Journal of Business and Economics Vol. 28 Iss. 3 (1989) p. 78 - 90 ISSN: 0747-5535
Available at: http://works.bepress.com/rudy_fichtenbaum/28/