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https://doi.org/10.15179/ces.21.1.1

Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method

Josip Franić   ORCID icon orcid.org/0000-0002-5383-1735 ; Institute of Public Finance, Zagreb, Croatia

Puni tekst: engleski, pdf (800 KB) str. 5-46 preuzimanja: 99* citiraj
APA 6th Edition
Franić, J. (2019). Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method. Croatian Economic Survey, 21 (1), 5-46. https://doi.org/10.15179/ces.21.1.1
MLA 8th Edition
Franić, Josip. "Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method." Croatian Economic Survey, vol. 21, br. 1, 2019, str. 5-46. https://doi.org/10.15179/ces.21.1.1. Citirano 18.10.2019.
Chicago 17th Edition
Franić, Josip. "Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method." Croatian Economic Survey 21, br. 1 (2019): 5-46. https://doi.org/10.15179/ces.21.1.1
Harvard
Franić, J. (2019). 'Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method', Croatian Economic Survey, 21(1), str. 5-46. https://doi.org/10.15179/ces.21.1.1
Vancouver
Franić J. Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method. Croatian Economic Survey [Internet]. 2019 [pristupljeno 18.10.2019.];21(1):5-46. https://doi.org/10.15179/ces.21.1.1
IEEE
J. Franić, "Undeclared Economy in Croatia during the 2004–2017 Period: Quarterly Estimates Using the MIMIC Method", Croatian Economic Survey, vol.21, br. 1, str. 5-46, 2019. [Online]. https://doi.org/10.15179/ces.21.1.1

Sažetak
Even though Croatia is among the most active EU countries when it comes to tackling undeclared economic activities, not much is known about the effectiveness of numerous policy measures introduced since joining the EU. As there is no systematic approach toward quantification of the undeclared economy in the newest member state, this paper fills the gap by presenting a tailored and robust procedure based on the Multiple Indicators and Multiple Causes (MIMIC) method. The methodology developed is then applied to assess the magnitude of the phenomenon in Croatia for the 2004–2017 period. The analysis reveals that the undeclared economy in Croatia has remained rather stable during the last decade and a half, with its value added ranging between HRK 24.1 and 26.9 billion. Accounting for 7.8 percent of the total GDP in 2017, undeclared undertakings represent a significant obstacle, which should therefore be systematically addressed. What is more, the findings indicate a rising trend, thus challenging the efficiency of the current policy approach by the Croatian government.

Ključne riječi
undeclared economy; non-observed economy; MIMIC; labor input method; Croatia

Hrčak ID: 221515

URI
https://hrcak.srce.hr/221515

Posjeta: 193 *