REGIONAL DEVELOPMENT DISPARITIES AND THEIR CONNECTION WITH HIDDEN ECONOMY
Journal Title: UTMS Journal of Economics - Year 2017, Vol 8, Issue 2
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.
Authors and Affiliations
Blagica Novkovska
Keywords
Related Articles
- EP ID EP274293
- DOI -
- Views 101
- Downloads 0
FINANCIAL SOUNDNESS INDICATORS IN BOSNIA AND HERZEGOVINA BANKING SECTOR
The purpose of this paper is to research financial soundness indicators in Bosnia and Herzegovina banking sector, their interconnections, causality and influenced factors. Therefore the subjects of analysis are core fina...
THE NEED OF CONNECTING THE TECHNOLOGY, POLITICAL AND CULTURAL SYSTEM
The paper explores the need of connecting the technology, political and cultural system in the right way to achieve the companies’ goals in terms of globalization and changes. The leaders have the main role in realizing...
MEZZO ECONOMICS ANALITYCAL APPROACH AS THE PROPULSIVE PART OF MANAGERIAL ECONOMICS IN TOURISM
Mezzo Economics covers the area between the Micro and Macro Economics and the organizational approach of the economics of the integral economic communities, which are made of microeconomic entities. Mezzo Economics repre...
FINANCIAL ANALYSIS FUNDAMENT FOR ASSESSMENT THE VALUE OF THE COMPANY
Lack of capital market development cause that calculating the value of companies in the small markets, such as the Croatian market, is carried out primarily from the analysis of financial statements. Lack of market devel...
ANALYSIS OF THE OPPORTUNITIES FOR DEVELOPEMENT THE RURAL TOURISM SUPPLY ON MOUNTAIN SKOPSKA CRNA GORA
Macedonia, as a future member of the European Union, is facing an important and difficult task: to promote its tourism supply according to the leading European Countries in order to achieve competitive advantage in touri...