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Shadow Economy and Populism – Risk and Uncertainty Factors for Establishing Low-Carbon Economy of Balkan Countries (Case Study for Bulgaria)

Author

Listed:
  • Nina Nikolova
  • Shteryo Nozharov

Abstract

The main purpose of the current publication is to formulate a scenario model for the analysis of the opportunities for low-carbon economy establishment in the countries with transition economies. The model studies risk factors such as shadow economy level and populism based on the implementation and development of Balkan countries’ economic policy and at the same time shows future climate changes tendencies and uncertainties of climate models. A transdisciplinary approach is implemented in the study. Climate change perception and understanding about the low-carbon economy are examined through the public opinion and analysis of mass-media publications. The results of the research are important in order to clarify the multicultural divergences as a factor for risk and uncertainty in the implementation process of the policy for climate change. In this way, geographical aspects of risk and uncertainty, which are not only related to the economic development of the relevant countries, could be brought out.

Suggested Citation

  • Nina Nikolova & Shteryo Nozharov, 2020. "Shadow Economy and Populism – Risk and Uncertainty Factors for Establishing Low-Carbon Economy of Balkan Countries (Case Study for Bulgaria)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 121-144.
    • Handle: RePEc:bas:econst:y:2020:i:3:p:121-144
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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