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Shadow Economy in Tourism: Some Conceptual Considerations from Croatia

Author

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  • Oliver Kesar Katarina Èuiæ

    (Faculty of Economics and Business Zagreb, University of Zagreb, Zagreb, Croatia)

Abstract

Although the importance of tourism for the Croatian economy is widely recognized and well documented, the issues related to the existence of shadow economy in tourism are not yet fully investigated and resolved. In spite of many attempts to estimate the size and impacts of shadow economy in tourism, there is still much controversy regarding the scope of the research area and the appropriateness of methodological approaches used to quantify this complex phenomenon. The present study aimed to (1) summarize the existing body of empirical evidence related to the shadow economy in tourism, with special reference to the case of Croatia, and to (2) shed some more light on additional aspects and variables which have been found to be important determinants for better understanding of the nature of the shadow economy in tourism. In order to reduce the adverse impacts of the shadow economy in tourism, some policy recommendations are suggested. JEL Classification: L83, O17, Z31

Suggested Citation

  • Oliver Kesar Katarina Èuiæ, 2017. "Shadow Economy in Tourism: Some Conceptual Considerations from Croatia," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 20(2), pages 65-86, November.
    • Handle: RePEc:zag:zirebs:v:20:y:2017:i:2:p:65-86
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    References listed on IDEAS

    as
    1. Arnis Sauka & Friedrich Schneider & Colin C. Williams (ed.), 2016. "Entrepreneurship and the Shadow Economy," Books, Edward Elgar Publishing, number 16655.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Z31 - Other Special Topics - - Tourism Economics - - - Industry Studies

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