IDEAS home Printed from https://ideas.repec.org/a/cmk/journl/y2012p17-36.html
   My bibliography  Save this article

Shadow Economy Of Macedonia

Author

Listed:
  • Vesna Garvanlieva
  • Vlatko Andonov
  • Marjan Nikolov

Abstract

Measurement and assessment of the shadow economy is an area of research which is always challenging and surrounded with debate and ambiguity. In this research we use the indirect method used by Kaufman and Kaliberda like the Electricity Consumption Method (ECM) as well as the Multiple Indicators Multiple Causes (MIMIC) approach which is structural modeling using the shadow economy as a latent variable considering several causes and indicators of the SE. The ECM results of SE estimates are discussed within the framework of the possible causes of the SE like: tax and social contributions, social transfers paid by the Government of Macedonia (GoM), regulatory intensity, corruption level, global economic crisis. We also give raw estimates of the shadow employment rate. Next, we discuss the structure of the shadow economy by industries in accordance with the ECM method and we once again discuss the informal economy estimates of CEA done in 2009. The estimates of the SE by the State statistical office in Macedonia are also presented. We finish with the MIMIC estimates and give comparative illustration of all known to us estimates of SE in Macedonia so far.

Suggested Citation

  • Vesna Garvanlieva & Vlatko Andonov & Marjan Nikolov, 2012. "Shadow Economy Of Macedonia," Journal Articles, Center For Economic Analyses, pages 17-36, December.
    • Handle: RePEc:cmk:journl:y:2012:p:17-36
    as

    Download full text from publisher

    File URL: http://journal.cea.org.mk/files/journals/1/articles/14/public/14-56-1-PB.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Predrag Trpeski & Dragan Tevdovski, 2015. "Nairu Estimates In Transitional Economy With Extremely High Unemployment Rate: The Case Of Republic Of Macedonia," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 60(206), pages 167-186, July - Se.
    2. Blagica Petreski & Marjan Petreski, 2022. "Unregistered micro-performers of business activity in North Macedonia: Analysis with recommendations for a policy action," Finance Think Policy Studies 2022-07/43, Finance Think - Economic Research and Policy Institute.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmk:journl:y:2012:p:17-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marjan Nikolov (email available below). General contact details of provider: https://edirc.repec.org/data/ceaskmk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.