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Energy consumption and hidden economy in Macedonia: Causes and responses

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  • Novkovska, B.
  • Novkovski, N.

Abstract

We propose a compact analytical model for estimation of the size of hidden economy (H), using two input variables: total electricity consumption in the country and the gross domestic product.

Suggested Citation

  • Novkovska, B. & Novkovski, N., 2018. "Energy consumption and hidden economy in Macedonia: Causes and responses," Journal of Policy Modeling, Elsevier, vol. 40(1), pages 166-181.
    • Handle: RePEc:eee:jpolmo:v:40:y:2018:i:1:p:166-181
    DOI: 10.1016/j.jpolmod.2017.11.004
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    Cited by:

    1. Paraskevi Koufopoulou & Colin C. Williams & Athanassios Vozikis & Kyriakos Souliotis & Antonios Samprakos, 2021. "Estimating Shadow Economy Size in Greece 2000 - 2018: A Flexible MIMIC Approach," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 71(3-4), pages 23-47, July-Dece.
    2. Novkovska Blagica & Dumičić Ksenija, 2018. "Energy Consumption as an Indicator of Hidden Economy: Comparative Analysis," Business Systems Research, Sciendo, vol. 9(2), pages 96-107, July.
    3. Vicente Ríos & Antonio Gómez & Pedro Pascual, 2021. "Raising the Accuracy of Shadow Economy Measurements," Hacienda Pública Española / Review of Public Economics, IEF, vol. 239(4), pages 71-125, November.
    4. Hailin Chen & Friedrich Schneider & Qunli Sun, 2020. "Measuring the size of the shadow economy in 30 provinces of China over 1995–2016: The MIMIC approach," Pacific Economic Review, Wiley Blackwell, vol. 25(3), pages 427-453, August.

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    More about this item

    Keywords

    Regression variables; Hidden economy; Energy consumption; Modeling;
    All these keywords.

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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