The Household Electricity Approach to measuring the size of the underground economy or black market of a country exploits the presumed relationship between household electrical consumption and a country's GDP. It assumes that undeclared economic activity still needs to use resources, such as electricity, to function. Since electricity consumption is generally well known it can be used as an indicator of economic activity that is not otherwise declared.
The household electricity approach was developed by Maria Lacko as a method to determine the size of the hidden economy in a country. Lacko's primary focus within this approach was directed at the relationship between the household electrical consumption and Gross Domestic Product (GDP) of a country using regression analysis. Her research in this area was particularly focused on developing methodologies that would help to more accurately determine the prevalence of the hidden economy in transitional countries such as the former Soviet bloc countries.
Lacko's work received its basis from two other works. The first of these works, developed in 1995, is the method of Dobozi and Pohl. These researchers had suggested that aggregate economic activity and electrical power consumption were closely related (Lacko 2000, p. 347). In fact, from their observations, electrical consumption and GDP elasticity were close to a one-to-one ratio (Lacko 1999, p. 143). This was true in the case of countries under a market economy; however, it did not appear to be the case for former Soviet bloc countries.
The works of Daniel Kaufman and Aleksandr Kaliberda followed a similar path as Istvan Dobozi and Gerhard Pohl's work. Kaufman and Kaliberda developed a method that considered the growth rate of the formal market's GDP and the growth of electrical consumption (Lacko 2000, p. 123). It was evident, as noted by Dobozi and Pohl, that change within the GDP resulted in lockstep changes with electrical consumption for market economies; however, Kaufman and Kaliberda also noted that the former Soviet bloc countries did not seem to maintain this consistency. The researchers suggested that the transitional nature of these countries' economic development created a break in the consistency between GDP and electrical consumption (Lacko 2000, p. 350). Kaufman and Kaliberda adapted their approach to allow for the calculation of this inconsistency between electrical activity and GDP.
Lacko disagreed with the previous methods use of aggregate electrical consumption as the primary source of calculations to determine the extent of the hidden economy (Lacko 1999, p. 164). Additionally, Lacko expressed concerns with the assumption of a constant electrical intensification (Lacko 1999, p. 164). The household electricity approach was developed as an alternative (Lacko 1999, pp. 142–143).
The household electricity approach follows the general idea that electrical consumption and GDP can help to estimate the size of a country's hidden market; however, the household electricity approach makes several diversions from the previous works for enhanced utility, particularly for transitional countries. The first of these was the decision to limit the concept of the informal market. Lacko limits the informal market to non-registered activities that consume household electricity. This excludes hidden activities such as bribes and many illegal activities (Lacko 1998, p. 132). By doing this, Lacko limited the magnitude of the data collecting process. Lacko also chose not to measure national electrical consumption; instead, the effort was centered on household electrical consumption (Lacko 2000, p. 361). This, in particular, would capture businesses within the informal market that were operating from a homestead. These businesses have been considered to be a traditional and rather large component of the informal economies of Eastern Europe. Additionally, Lacko presumed that household electrical consumption would not be as dramatically affected by structural changes caused by transitional experiences such as those of the former Soviet bloc countries.
Lacko's method begins with the basic premise that each household's electrical consumption should be associated with a portion of the informal market (Lacko 1999, p. 161). This is determined by using time-series cross sections of each country. Within this method there are three proxy variables to be studied: tax/GDP ratio, the inactive/active labor ratio and the ratio of public social welfare expenditures (Lacko 2000, p. 362). For Lacko's original study the parameters were focused on estimates of cross-sections from nineteen OECD countries in 1990, nineteen OECD countries in 1989 and panel data for 1989-1990(Lacko 2000, p. 362). The final determinization was completed by subtracting residential electrical consumption from the actual amount of electrical consumption (Lacko 2000, p. 362).
1nE + I = α11nCi + α2Gi + α4Qi + αHi + α6 Hi = β1Ti + β2(Si – Ti) + β3Di β1>0 β2 <0 β3 >0
where:
After the total electricity consumption of households has been determined, the next step is to proceed to find the informal economy's contribution to the GDP of a country (Lacko 1998, p. 140). To create this index, Lacko had to determine a way to calculate how much GDP is produced by one unit of electricity (Lacko 1998, p. 140). This was done by taking known estimations of a market economy and making comparisons with this to another approach (Lacko 1998, p. 140).
The household electricity approach does not require predetermined weights as had been established in previous approaches utilizing electrical consumption to determine the extent of the hidden economy (Lacko 1999, p. 149). Instead, the weights of the different causes can be determined during the estimation. By the use of residential electrical consumption, Lacko's approach allows for an accurate measure of market economies as well as transitional economies approaches utilizing electrical consumption to determine the extent of the hidden economy.
A disadvantage of the household electricity approach is that it is limited in its scope of study. The range of the study can only include those parts of the hidden economy that utilize household electricity (Lacko 1999, p. 150).
The primary criticism for the household electricity approach, as well as other electrical consumption approaches, centers around the assumptions made regarding the stability of the consistency of electrical consumption with GDP. Critics suggest that levels of stability can be altered significantly by the omission of such basic factors as shifts in the weather (Hanousek and Palda 2004, p. 14). The authors of electrical consumption approaches have admittedly been aware of the weakness of their assumptions and have made attempts to control for factors that would make electrical consumption inconsistent with GDP; however, critics do not see these attempts as being adequate enough (Hanousek and Palda 2006, p. 709).
CenciacittàCencia – Veduta LocalizzazioneStato Etiopia RegioneNazioni, Nazionalità e Popoli del Sud ZonaGamo TerritorioCoordinate6°15′N 37°34′E / 6.25°N 37.566667°E6.25; 37.566667 (Cencia)Coordinate: 6°15′N 37°34′E / 6.25°N 37.566667°E6.25; 37.566667 (Cencia) Altitudine2 732 m s.l.m. Abitanti10 488[1] (2005) Altre informazioniFuso orarioUTC+3 CartografiaCencia Modifica dati su Wikidata · Manuale …
The Tri-Eastern Conference in Indiana. The Tri-Eastern Conference is a nine-member IHSAA-Sanctioned Athletic Conference formed by five schools in 1962. The current nine teams are located in the counties of Henry, Randolph, Union, and Wayne. History The conference was formed in 1962, with Cambridge City, Centerville, Knightstown, Liberty, and Union City. All five are current members of the conference, albeit two have different names through consolidation (Cambridge City became Lincoln in 1965, an…
Kasumba kalimantan Status konservasi Hampir Terancam (IUCN 3.1) Klasifikasi ilmiah Kerajaan: Animalia Filum: Chordata Kelas: Aves Ordo: Trogoniformes Famili: Trogonidae Genus: Harpactes Spesies: H. whiteheadi Nama binomial Harpactes whiteheadiSharpe, 1888 Burung Kasumba kalimantan atau Luntur kalimantan (Harpactes whiteheadi) adalah salah satu spesies burung di dalam keluarga Trogonidae. Dapat ditemui di Indonesia dan Malaysia. Habitat alaminya adalah pegunungan berhutan lembap subtrop…
Dieser Artikel behandelt die Internationalen Brigaden im Spanischen Bürgerkrieg. Zu den Internationalen Brigaden im Ukraine-Krieg 2022 siehe Internationale Legion der Territorialverteidigung der Ukraine. Flagge der Interbrigaden Interbrigadisten der XI. Internationalen Brigade aufseiten der Spanischen Republik während der Schlacht von Belchite (1937) Die Internationalen Brigaden, kurz Interbrigaden, auf Spanisch las Brigadas Internacionales, waren von der Kommunistischen Internationale rekruti…
Oldest verified alphabet Phoenician scriptScript type Abjad Time periodc. 1050–150 BC[1]Directionright-to-leftLanguagesPhoenician, Punic, Old Aramaic, Ammonite, Moabite, Edomite, Old ArabicRelated scriptsParent systemsEgyptian hieroglyphs[2]Proto-SinaiticPhoenician scriptChild systems Paleo-Hebrew Aramaic Greek Paleohispanic Libyco-Berber Sister systems South Semitic ISO 15924ISO 15924Phnx (115), PhoenicianUnicodeUnicode aliasPhoenicianUnicode rangeU+10900–…
المجموعة 11 الدورة 4 29 Cu 5 47 Ag 6 79 Au 7 111 Rg عناصر المجموعة الحادية عشر (IB) في الجدول الدوري تتكون من معادن العملات التقليدية مثل النحاس والفضة والذهب.[1][2][3] وهذه المعادن تعرف أيضا على أنها المعادن النبيلة والاسم معادن العملات لا يعترف به من قبل (الات…
?Архірилея чорна Біологічна класифікація Домен: Еукаріоти (Eukaryota) Царство: Тварини (Animalia) Тип: Членистоногі (Arthropoda) Клас: Комахи (Insecta) Ряд: Перетинчастокрилі (Hymenoptera) Родина: Eurytomidae Рід: Archirilleya Вид: Архірилея чорна Біноміальна назва Archirilleya inopinataSilvestri, 1920 Посилання Віківиди: Archiril…
American soap opera screenwriter (1922–2016) Agnes NixonNixon at the 2010 Daytime Emmy AwardsBornAgnes Eckhardt(1922-12-10)December 10, 1922Chicago, Illinois, U.S.DiedSeptember 28, 2016(2016-09-28) (aged 93)Haverford, Pennsylvania, U.S.Occupation(s)Screenwriter, producerYears active1944–2013Notable workOne Life to LiveAll My ChildrenLovingSpouse Robert Henry Adolphus Nixon (m. 1951; died 1996)Children4 (including Robert Nixon)Webs…
صفحة من كتاب تاريخ الأدب العربي باللغة الألمانية سنة 1909 م. تاريخ الأدب العربي (بالألمانية: Geschichte der arabischen Litteratur ويعرف اختصارا بـ GAL؛ 1898 - 1942 م)[1] هي أهم وأشهر آثار المستشرق الألماني كارل بروكلمان (ت. 1956 م). قال عبد الرحمن بدوي أن الكتاب «يعد المرجع الأساسي والوحيد في كل ما يتع…
American sculptor This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Please discuss further on the talk page. (January 2019) (Learn how and when to remove this template message) This biography of a living…
У Вікіпедії є статті про інші значення цього терміна: Кисень (значення). КисеньOxygène Жанр трилерРежисер Александр АжаПродюсер Александр АжаБрагім ШіуаНоемі ДевідеГрегорі ЛевассерВенсан МаравальСценарист Крісті ЛебланУ головних ролях Мелані ЛоранМатьє АмальрікМалік Зі…
British Thoroughbred racehorse Cardinal BeaufortCardinal Beaufort in a painting by Henry Bernard Chalon, c. 1805.SireGohannaGrandsireMercuryDamColibriDamsireWoodpeckerSexStallionFoaled1802CountryUnited Kingdom of Great Britain and IrelandColourBayBreederLord EgremontOwner1) 3rd Earl of Egremont 2) William Ladbroke 3) Mr. S. Arthur4) Mr. Arthur Shakespear 5) Colonel H. F. Mellish6) Francis Lloyd7) William Shakespear8) General Leveson GowerTrainerFrancis NealeRecord18: 8–9-0Major winsEpsom Derby…
Your submission at Articles for creation: Guo Yi (musician) has been accepted Guo Yi (musician), which you submitted to Articles for creation, has been created. Congratulations, and thank you for helping expand the scope of Wikipedia! We hope you will continue making quality contributions. The article has been assessed as Start-Class, which is recorded on its talk page. Most new articles start out as Stub-Class or Start-Class and then attain higher grades as they develop over time. You may like …
Diego García Datos personalesNombre completo Diego Damián GarcíaApodo(s) Correcaminos[1]Nacimiento San Cristóbal, Santa Fe15 de septiembre de 1979 (44 años)Nacionalidad(es) ArgentinaAltura 1,90 m (6′ 3″)Carrera deportivaDeporte BásquetbolClub profesionalClub Rivadavia JuniorsLiga Asociación Santafesina de BásquetPosición Escolta Medallero Argentina Baloncesto mascul…
Augustines Augustines im Bowery Ballroom in New York 2014 Allgemeine Informationen Herkunft New York, Vereinigte Staaten Genre(s) Indie-Rock Gründung 2010 Auflösung 2016 Website www.weareaugustines.com Letzte Besetzung Gitarre Billy McCarthy mehrere Instrumente Eric Sanderson Schlagzeug Rob Allen Augustines (ehemals We Are Augustines) waren eine US-amerikanische Indie-Rock-Band aus Brooklyn, New York, die aus dem Gitarristen Billy McCarthy, dem Schlagzeuger Rob Allen und Eric Sanderson, der me…
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: Plan of San Luis Potosí – news · newspapers · books · scholar · JSTOR (November 2020) (Learn how and when to remove this template message) 1910 Mexican political document by revolutionary leader Francisco I. Madero Porfirio Díaz, president at the start of the Re…
Building in South Africa The Wits Theatre Complex is a performing arts complex in Braamfontein, a suburb of Johannesburg, South Africa. It is part of the University of the Witwatersrand, although it also caters for professional companies, dance studios and schools.[1] It is run by the University's Performing Arts Administration (PAA).[2] The Wits Theatre Complex opened in July 1983. Plans for the construction of the theatre complex were first announced ten years before that; in t…
2016 video gameAragamiDeveloper(s)Lince WorksPublisher(s)WW: Lince Works (digital)PAL: Merge GamesNA: Maximum GamesProducer(s)Pere RiusWriter(s)David MaciàJordi ComasComposer(s)Two FeathersEngineUnityPlatform(s)LinuxMicrosoft WindowsOS XPlayStation 4Xbox OneNintendo SwitchReleaseWW: 4 October 2016 (digital)PAL: 7 October 2016NA: 11 October 2016Nintendo SwitchWW: February 22, 2019Amazon LunaUS: October 2020Genre(s)Action-adventure, stealthMode(s)Single-player, Multi-player Aragami (荒神) is an…
Peta lokasi Kabupaten Hulu Sungai Tengah Berikut ini adalah daftar kecamatan dan kelurahan/desa di Kabupaten Hulu Sungai Tengah, Provinsi Kalimantan Selatan, Indonesia. Kabupaten Hulu Sungai Tengah terdiri dari 11 kecamatan, 8 kelurahan, dan 161 desa. Pada tahun 2017, jumlah penduduknya mencapai 250.782 jiwa dengan luas wilayah 1.472,00 km² dan sebaran penduduk 170 jiwa/km².[1][2] Daftar kecamatan dan kelurahan di Kabupaten Hulu Sungai Tengah, adalah sebagai berikut: Kode Kemen…
American actor (1928–2023) Larry WildePhoto by Gregory WutkeBornHerman Wildman(1928-02-06)February 6, 1928Jersey City, New Jersey, U.S.DiedSeptember 3, 2023(2023-09-03) (aged 95)Other namesThe Crown Prince of Platform HumorOccupation(s)Comedian, actor, author, motivational speaker, humor historianYears active1938–presentKnown forPerformances in Nightclubs, Concerts, Cruise Ships, Conferences, Conventions, and as an Executive CoachSpousesDana Slawson (1955-1957)Julie Heate…
Lokasi Pengunjung: 3.145.186.60