tag:blogger.com,1999:blog-6297413898275266606.post1645813058671902528..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: The Shadow Economy: Estimates For Malaysiahishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6297413898275266606.post-73568230034195313992012-05-14T17:44:22.172+08:002012-05-14T17:44:22.172+08:00Justin, in the 60s, our informal economy is about ...Justin, in the 60s, our informal economy is about 70% (according to the above graph) of the economy. And such, our actual economy size was 170% of the gdp. 70% over 170% of the gdp yields about 40%....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-40548748142967013102012-05-14T16:19:22.352+08:002012-05-14T16:19:22.352+08:00@Justin
Taking the 2008 figure, the shadow econom...@Justin<br /><br />Taking the 2008 figure, the shadow economy in Malaysia is about 30% of "official" GDP. So total official plus unofficial GDP would be 100%+30%=130%. The size of the shadow economy would therefore be 30%/130%=23% or about a quarter.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53562731597399080042012-05-14T15:28:12.183+08:002012-05-14T15:28:12.183+08:00How did you come up with the 40% and a quarter GDP...How did you come up with the 40% and a quarter GDP figures?Justinnoreply@blogger.com