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https://doi.org/10.2478/bsrj-2018-0022

Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis

Blagica Novkovska   ORCID icon orcid.org/0000-0003-0103-6083 ; Faculty of Economics, University of Tourism and Management, Skopje, Republic of Macedonia
Ksenija Dumičić   ORCID icon orcid.org/0000-0001-7131-9455 ; Department of Statistics, Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (364 KB) str. 96-107 preuzimanja: 119* citiraj
APA 6th Edition
Novkovska, B. i Dumičić, K. (2018). Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis. Business Systems Research, 9 (2), 96-107. https://doi.org/10.2478/bsrj-2018-0022
MLA 8th Edition
Novkovska, Blagica i Ksenija Dumičić. "Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis." Business Systems Research, vol. 9, br. 2, 2018, str. 96-107. https://doi.org/10.2478/bsrj-2018-0022. Citirano 19.10.2019.
Chicago 17th Edition
Novkovska, Blagica i Ksenija Dumičić. "Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis." Business Systems Research 9, br. 2 (2018): 96-107. https://doi.org/10.2478/bsrj-2018-0022
Harvard
Novkovska, B., i Dumičić, K. (2018). 'Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis', Business Systems Research, 9(2), str. 96-107. https://doi.org/10.2478/bsrj-2018-0022
Vancouver
Novkovska B, Dumičić K. Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis. Business Systems Research [Internet]. 2018 [pristupljeno 19.10.2019.];9(2):96-107. https://doi.org/10.2478/bsrj-2018-0022
IEEE
B. Novkovska i K. Dumičić, "Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis", Business Systems Research, vol.9, br. 2, str. 96-107, 2018. [Online]. https://doi.org/10.2478/bsrj-2018-0022

Sažetak
Background: Hidden economy presents a major concern for all national economies, particularly for those of developing countries. Objectives: In this work, methods for determination of the size of hidden economy are discussed. Particular attention is devoted to the methods using electricity consumption as an indicator (the Lackó method and the Kaufmann and Kaliberda method). Methods/Approach: The modified Lackó method adapted for a single country and the sophisticated Kaufmann and Kaliberda method have been used. Results: It has been shown that such methods are effective in measurement of the hidden economy extent in small open economies exposed to severe external influences. The article presents results for Macedonia and their comparison with results for Croatia, as a good role-model for other states in Western Balkans. Conclusions: Model methods involving energy consumption are particularly efficient in determination of the size of the hidden economic sector in small open economies as those of the Western Balkan countries.

Ključne riječi
hidden economy; the DYMIMIC method; the Lackó method; the Kaufmann and Kaliberda method; currency demand method; energy consumption elasticity

Hrčak ID: 203485

URI
https://hrcak.srce.hr/203485

Posjeta: 191 *