EconPapers    
Economics at your fingertips  
 

REGIONAL DEVELOPMENT DISPARITIES AND THEIR CONNECTION WITH HIDDEN ECONOMY

Blagica Novkovska ()
Additional contact information
Blagica Novkovska: University of Tourism and Managment in Skopje, Macedonia

UTMS Journal of Economics, 2017, vol. 8, issue 2, 151-158

Abstract: Regional disparities in the development of regions of a country may slow the growth of the entire national economy. Determination of such disparities is required for the creation of proper economic policies, needed to take actions against factors hindering economic growth. Hidden economy is, on the other, a phenomenon reflecting various weaknesses of the economy related to similar factors as those affecting regional development. In this paper we discuss the issue of connection between the regional disparities and the evolution of hidden economy in the considered regions. Development indices for eight regions of the Republic of Macedonia have been determined for the period 2008–2015. Economic, demographic and (total) development indices are calculated using economic (GDP per capita, unemployment rate, etc.) and demographic indicators (natural population growth, net migration rate, etc.) and rankings by level of development for different subperiods are displayed. Three out of eight regions performed substantially weaker than the national average, one region performed substantially better than the average, and the rest performed close to the national average. Close link with the evolution of hidden economy for the considered regions is observed, indicating that the disparities and hidden economy are connected. Therefore, economic policies dealing with regional development and hidden economy must be coordinated to obtain maximum results for regions and the whole country.

Keywords: Economic development; Economic index; Development index (search for similar items in EconPapers)
JEL-codes: E26 R11 R58 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://utmsjoe.mk/files/Vol.%208%20No.%202/UTMSJOE-2017-0802-09-Novkovska.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:0206

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Zoran Ivanovic, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Zoran Ivanovic, PhD ().

 
Page updated 2018-04-06
Handle: RePEc:ris:utmsje:0206