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Measuring the Non-observed Economy in a Transition Economy: The Case of Bosnia–Herzegovina

Author

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  • Roberto Dell'Anno

    (Department of Economics, Mathematics and Statistics, University of Foggia, Largo Papa Giovanni Paolo II 1, Foggia 71100, Italy.)

  • Marje Piirisild

    (State Budget Department, Ministry of Finance, Suur-Ameerika 1, Tallinn 15006, Estonia.)

Abstract

In this paper the Organization for Economic Cooperation Development (OECD) approach (adjusted) is applied to estimate the size of the non-observed economy (NOE) in Bosnia and Herzegovina for the year 2001. The method proposed attempts to identify the structure of the NOE according to the reasons behind the unrecorded value added (statistical, illegal and economic). The NOE was estimated for each of the Bosnian entities separately according to sector of activity. A definition of the shadow economy is proposed based on SNA93. A comparison with alternative estimates of shadow economies in Central and Eastern European countries is provided. Comparative Economic Studies (2007) 49, 609–631. doi:10.1057/palgrave.ces.8100211

Suggested Citation

  • Roberto Dell'Anno & Marje Piirisild, 2007. "Measuring the Non-observed Economy in a Transition Economy: The Case of Bosnia–Herzegovina," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 49(4), pages 609-631, December.
    • Handle: RePEc:pal:compes:v:49:y:2007:i:4:p:609-631
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    Citations

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    Cited by:

    1. Mico Apostolov & Dusko Josevski, 2016. "Aggregate Demand–Inflation Adjustment Model Applied to Southeast European Economies," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 5(1), pages 141-157.
    2. Claudio Quintano & Paolo Mazzocchi, 2018. "Behind the GDP: some remarks on the shadow economy in Mediterranean countries," European Journal of Law and Economics, Springer, vol. 45(1), pages 147-173, February.
    3. Hirt, Christian & Ortlieb, Renate, 2012. "Cultural standards of Bosnia and Herzegovina: Empirical findings and implications for strategic human resource management," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 17(2), pages 205-225.
    4. Efendic Nirha & Pasovic Edin & Efendic Adnan S., 2018. "Understanding the Informal Economy in Practice – Evidence from Bosnia and Herzegovina," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 14(4), pages 77-89, December.
    5. Pasovic Edin & Efendic Adnan S., 2018. "Informal Economy in Bosnia and Herzegovina – An Empirical Investigation," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 112-125, December.
    6. Quintano, Claudio & Mazzocchi, Paolo, 2013. "The shadow economy beyond European public governance," Economic Systems, Elsevier, vol. 37(4), pages 650-670.
    7. Rajeev K. Goel & James W. Saunoris, 2022. "Push from the shadows: Does the shadow economy facilitate market exit of firms?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 2955-2966, October.

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