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Does he ever qualify this analysis with any hard numbers? I remember reading a study once where researchers looked at electricity usage in Argentina to see what
by roymurdock 11y ago
Does he ever qualify this analysis with any hard numbers? I remember reading a study once where researchers looked at electricity usage in Argentina to see what the theoretical output of the country should be vs. the actual output, and used this to approximate the size of the black market.
- hodwik 11y agoCredit Suisse had some hard data to put the number at 30%. I can't find the actual study, but here's an article on it -- http://www.bloomberg.com/news/articles/2010-08-12/china-s-wealthy-have-as-much-as-1-1-trillion-in-hidden-income-study-says http://www.bloomberg.com/news/articles/2010-08-12/china-s-we... However, as Rein points out, Credit Suisse and almost all other studies of the Chinese Underground Economy, are only capturing data about Urban hidden capital. It is a commonly understood fact in China, if not quantifiable, that most rural families keep their money in cash, and are very quiet about the quantity of said money.