engleski

Modelling of temporal patterns of hidden economy in connection with energy consumption

In this work methods of estimation of the size of hidden economy are discussed. Particular attention is devoted to the methods using electricity consumption as indicator (the Lackó method and the Kaufmann and Kaliberda method). It has been shown that such methods can be used for determination of the size of hidden economy in small open economies exposed to severe external influences. Results for Macedonia and some comparison with results for Croatia, as good role-model for other states in Western Balkans, are shown.

hidden economy, the DYMIMIC method, the Lacko method, the Kaufmann and Kaliberda method, currency demand method, energy consumption elasticity

Online: http://www.drustvo- informatika.si/sekcije/sor/sor- publikacijepublications/ ; Inspec, EconLIt, Scopus ; Index to Scientific & Technical Proceedings on CD-ROM and ISI/ISTP&B online database), Current Mathematical Publications, Mathematical Review, MathSci, Zentralblatt für Mathematic / Mathematics Abstracts, MATH on STN International, CompactMath, INSPEC, Journal of Economic Literature.