01626cas a2200241 a 4500 AALejournalIMF009214 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852479 1018-5941 BD-DhAAL BD-DhAAL Shabsigh, Ghiath. The Underground Economy : Estimation, and Economic and Policy Implications; The Case of Pakistan / Ghiath Shabsigh. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper estimates the size of the underground economy in Pakistan and analyzes its impact on Government fiscal position and the allocation of economic resources in the national economy. The results suggest that there is a mutual dependency between the size of the underground economy and fiscal deficits, and show a leakage from the national income-expenditure cycle in the formal economy to the underground economy via private investments. Finally, the paper proposes long- and short-run policies to reduce the size of the underground economy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1995/101 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/101/001.1995.issue-101-en.xml IMF e-Library