Research Article
An Empirical Estimation of the Underground Economy in Ghana
Table 4
Average size of the underground economy.
| Regions | 2000/2001 | 2002/2003 |
| Africa | 42.3 | 43.2 | Central and South America | 42.2 | 43.4 | Asia and Middle East | 29.5 | 30.4 | East and Central Europe | 39.1 | 40.1 | Highly developed OECD | 16.7 | 16.3 | South Pacific islands | 32.6 | 33.4 | Communist countries | 21.1 | 22.3 | Unweighted average—145 countries | 34.5 | 35.2 |
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Source: Schneider and Bajada, 2005 [3].
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