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The Shadow Economy in Bosnia and Herzegovina, Croatia, and Slovenia: The Labor Approach

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  • Bojan Nastav
  • Å tefan Bojnec

Abstract

This paper deals with the labor aspect of the shadow economy in three countries, Bosnia and Herzegovina (BiH), Croatia, and Slovenia. Despite their common pasts, the countries differ in their levels of shadow-economy activity due to different development levels and paths, but there might be some converging patterns in the long run. The labor methods applied provide evidence on the shadow economy in the economies studied. The study shows that BiH suffers the most from the phenomenon of the shadow economy (averaging over 30 percent of the official GDP in the period 1999-2001), which is somewhat anticipated due to its lower level of economic development, higher rates of unemployment, and devastating consequences of war. For Croatia and Slovenia (averaging around 27 and 20 percent in the post-2000 period, respectively), on the other hand, shadow-economy activities have been, on average, on a downturn since 1994. This is in line with expectations, as economic growth and socioeconomic development are believed to hinder shadow-economy activities.

Suggested Citation

  • Bojan Nastav & Å tefan Bojnec, 2007. "The Shadow Economy in Bosnia and Herzegovina, Croatia, and Slovenia: The Labor Approach," Eastern European Economics, Taylor & Francis Journals, vol. 45(1), pages 29-58, February.
    • Handle: RePEc:mes:eaeuec:v:45:y:2007:i:1:p:29-58
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    Cited by:

    1. Friedrich Schneider & Mangirdas Morkunas & Erika Quendler, 2021. "Measuring the Immeasurable: The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 up to 2019," CESifo Working Paper Series 8937, CESifo.
    2. Efendic Nirha & Pasovic Edin & Efendic Adnan S., 2018. "Understanding the Informal Economy in Practice – Evidence from Bosnia and Herzegovina," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(4), pages 77-89, December.
    3. Monica Violeta Achim & Sorin Nicolae Borlea & Lucian Vasile Găban & Alin Adrian Mihăilă, 2019. "The Shadow Economy and Culture: Evidence in European Countries," Eastern European Economics, Taylor & Francis Journals, vol. 57(5), pages 352-374, September.
    4. Pasovic Edin & Efendic Adnan S., 2018. "Informal Economy in Bosnia and Herzegovina – An Empirical Investigation," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 112-125, December.
    5. Bojan Nastav & Stefan Bojnec, 2007. "Shadow Economy in Slovenia: The Labour Approach," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(2), pages 193-208.
    6. El-hadj Bah & Josef C. Brada, 2014. "Labor Markets in the Transition Economies: An Overview," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(1), pages 3-53, June.
    7. Mico Apostolov, 2016. "Cobb–Douglas production function on FDI in Southeast Europe," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-28, December.
    8. Mohammad Javad Razmi & Arash Jamalmanesh, 2014. "How Political Indices Affect The Shadow Economy," Romanian Economic Business Review, Romanian-American University, vol. 9(1), pages 45-55, March.
    9. 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.
    10. Abdelaaziz Aït Ali & Yassine Msadfa, 2017. "Manufacturing Employment Elasticity and Its Drivers in Developing and Emerging Countries : Focus on Sub-Saharan Africa," Research papers & Policy papers 1709, Policy Center for the New South.
    11. Ana Stipčić & Tanja Ćorić & Marijan Erceg & Frane Mihanović & Ivana Kolčić & Ozren Polašek, 2015. "Socioeconomic inequalities show remarkably poor association with health and disease in Southern Croatia," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 60(4), pages 417-426, May.

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