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Do Power Consumption Data Tell the Story? - Electricity Intensity and Hidden Economy in Post-Socialist Countries

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  • Maria Lacko

    ()
    (Institute of Economics, Hungarian Academy of Sciences)

Abstract

The paper disputes the frequently presented and quoted statement that in post-socialist economies data on power consumption are better indicators for aggregate output changes than data on official GDP. Attempt is made to show that the variation of electricity intensities in post-socialist countries does not necessarily reflect the growth of the hidden parts of the economy. Statistical and econometric analysis of data for 18 post-socialist economies show that in this region, the differences in measured and registered structural changes are more important factors explaining the differences in the changes of electricity intensity than the changing size of the unofficial economy.

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File URL: http://www.econ.core.hu/doc/bwp/bwp/bwp992.pdf
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Bibliographic Info

Paper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series Budapest Working Papers on the Labour Market with number 9902.

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Length: 33 pages
Date of creation: Mar 1999
Date of revision:
Handle: RePEc:has:bworkp:9902

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  1. Janos Kornai, 1995. "Eliminating the shortage economy: a general anaysis and examination of the developments in Hungary," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 3(1), pages 13-37, 03.
  2. Kornai, J. & Ely, R.T., 1992. "The Postsocialist Transition and the State: Reflections in the Light of Hungarian Fiscal Problems," Harvard Institute of Economic Research Working Papers 1583, Harvard - Institute of Economic Research.
  3. Kornai, Janos, 1993. "The Evolution of Financial Discipline under the Postsocialist System," Kyklos, Wiley Blackwell, vol. 46(3), pages 315-36.
  4. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766, September.
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Cited by:
  1. Osipian, Ararat, 2008. "Economic Growth—Human Capital Nexus in Post-Soviet Ukraine, 1989-2009," MPRA Paper 7731, University Library of Munich, Germany.
  2. Simon Johnson & Daniel Kaufmann & John McMillan & Christopher Woodruff, 2003. "Why Do Firms Hide? Bribes and Unofficial Activity after Communism," Public Economics 0308004, EconWPA.
  3. Osipian, Ararat, 2007. "Экономический Рост: Образование Как Фактор Производства
    [Economic Growth: Education as a Factor of Production]
    ," MPRA Paper 7593, University Library of Munich, Germany.
  4. Maurizio Bovi, 2003. "The Nature Of The Underground Economy. Some Evidence From Oecd Countries," ISAE Working Papers 26, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
  5. Tausch, Arno, 2009. "Schaufenster Griechenland – was kann aus dem aktuellen Debakel für das soziale Europa gelernt werden?
    [Showcase Greece – what can be learnt from the current debacle for a Social Europe?]]
    ," MPRA Paper 14251, University Library of Munich, Germany.
  6. Edvard Johansson, 2005. "An estimate of self-employment income underreporting in Finland," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 31, pages 99-109.

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