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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.

Suggested Citation

  • Maria Lacko, 1999. "Do Power Consumption Data Tell the Story? - Electricity Intensity and Hidden Economy in Post-Socialist Countries," Budapest Working Papers on the Labour Market 9902, Institute of Economics, Centre for Economic and Regional Studies.
    • Handle: RePEc:has:bworkp:9902
    as

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    File URL: http://www.econ.core.hu/doc/bwp/bwp/bwp992.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Johnson, Simon & Kaufmann, Daniel & McMillan, John & Woodruff, Christopher, 2000. "Why do firms hide? Bribes and unofficial activity after communism," Journal of Public Economics, Elsevier, vol. 76(3), pages 495-520, June.
    3. 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.
    4. Konrad Dymarski, 2013. "Segmentacja populacji a szacowany rozmiar szarej strefy," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 7-8, pages 133-155.
    5. Oksana Nezhyvenko, 2018. "Informal Employment in Ukraine and European Union Transition Countries," Erudite Ph.D Dissertations, Erudite, number ph18-03 edited by Philippe Adair, December.
    6. Buček Jakub, 2017. "Determinants of the Shadow Economy in the Czech Regions: A Region-Level Study," Review of Economic Perspectives, Sciendo, vol. 17(3), pages 315-329, September.
    7. 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.
    8. 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).
    9. 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.
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    11. Osipian, Ararat, 2008. "Economic Growth—Human Capital Nexus in Post-Soviet Ukraine, 1989-2009," MPRA Paper 7731, University Library of Munich, Germany.

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