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ESTIMATION OF UNDERGROUND ECONOMY IN NORTH CYPRUS: NEW RESULTS WITH MIMIC MODEL APPROACH AND BRIEF MODEL COMPARISONS
2018
Ecoforum
This study measures the informal economy of North Cyprus (NC) by using the MIMIC Model Approach. The data, picked up from the website of the North Cyprus State Planning Organization, start from 1977 and go to 2015. Because North Cyprus is a small island, the applicability of different models are discussed and compared. As a conclusion, dynamic MIMIC Model approach has been found to be the most efficient model and the results obtained by using Lisrel 8.7 indicate that if there is an increase in
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