scholarly journals Evaluation of the impact of shadow economy determinants: Ukrainian case

2016 ◽  
Vol 10 (2) ◽  
pp. 108-113 ◽  
Author(s):  
Ligita Gasparėnienė ◽  
Rita Remeikienė ◽  
Markku Heikkila
Keyword(s):  
Shadow Economy ◽  
The Impact

The specifics of shadow economic activity in Russia

2020 ◽  
Vol 19 (10) ◽  
pp. 1896-1915
Author(s):  
E.R. Ermakova ◽  
O.M. Lizina
Keyword(s):  
Economic Activity ◽  
Shadow Economy ◽  
Integrated Approach ◽  
Economic Activities ◽  
Reproductive Process ◽  
Scientific Methods ◽  
Current Period ◽  
Russian Economy ◽  
Analysis And Synthesis ◽  
The Impact

Subject. The article addresses the specifics of shadow economic activities in reformed Russia in the context of systemic transformations. Objectives. We focus on determining the role of shadow economy in the reproductive process, identifying and understanding the specifics of underground economic activity of the Russian economy. Methods. The study rests on general scientific methods (scientific abstraction, unity of historical and logical, analysis and synthesis, induction and deduction, comparison and analogy) and special methods of cognition (monetary methods). We employ the systems and integrated approach. The official statistics, regulations, works of leading researchers on shadow economy expansion, resources of reference and legal systems like Garant and ConsultantPlus serve as the study's information base. Results. We present a retrospective rapid analysis of the extent of shadow economic activity in the domestic economy, establishing the relationships with the processes that take place at different stages of the country's development. We also reveal the specifics of shadow economy relations in Russia, factors that play a key role in expansion for a particular period, a shift to another form of shadow economy. The study characterizes the current period of development, assesses the impact of external shocks on shadow economy expansion. Conclusions. The current period is characterized by the digitization of shadow relations, the shift of corruption to the upper echelons of power, the continued outflow of capital abroad, and increased penalties for underground activities.

The Impact of Competitiveness on the Shadow Economy

2021 ◽  
Author(s):  
Thomas Poufinas ◽  
George Galanos ◽  
Charalampos Agiropoulos
Keyword(s):  
Shadow Economy ◽  
The Impact

scholarly journals Corruption, Taxation and the Impact on the Shadow Economy

Economies ◽  
2021 ◽  
Vol 9 (1) ◽  
pp. 18 ◽  
Author(s):  
Daniel Němec ◽  
Eva Kotlánová ◽  
Igor Kotlán ◽  
Zuzana Machová
Keyword(s):  
Tax Evasion ◽  
Capital Accumulation ◽  
Shadow Economy ◽  
Labour Force ◽  
Destructive Effect ◽  
Eu Member States ◽  
Initial Assumption ◽  
The Individual ◽  
The Impact

While assessing the economic impacts of corruption, the corruption-related transmission channels which influence taxation as such have to be duly considered. Taking the example of the Czech Republic, this article aims to evaluate the impacts corruption has on the size of the shadow economy as well as on the individual sources of long-term economic growth, making use of a transmission channel through which corruption affects the tax burden components. Using the method of an extended DSGE model, it confirms the initial assumption that an increase in perceived corruption supports the shadow economy’s growth, but at the same time, it demonstrates that corruption and especially its perception has a significantly different effect on two key areas—the capital accumulation and the labour force size. It further identifies another sector of the economy representing taxes which are prone to tax evasion while asserting that corruption has a much more destructive effect on this sector of the economy, offering generalized implications for other post-communist EU member states in a similar situation.

The Impact of Unemployment Rate on the Size of Romanian Shadow Economy

2013 ◽  
Vol 41 (5) ◽  
pp. 578-607 ◽  
Author(s):  
Adriana AnaMaria Davidescu (Alexandru) ◽  
Ion Dobre
Keyword(s):  
Unemployment Rate ◽  
Shadow Economy ◽  
The Impact

scholarly journals THE INFLUENCE OF THE SHADOW ECONOMY ON THE SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE

2021 ◽  
Author(s):  
Yuliia Romanovska ◽  
Lily Strapachuk
Keyword(s):  
Economic Development ◽  
Shadow Economy ◽  
Negative Impact ◽  
Economic Security ◽  
The State ◽  
State Budget ◽  
Socio Economic Development ◽  
High Inflation ◽  
High Level ◽  
The Impact

The article considers the approaches to the interpretation of the category "shadow economy", which causes a variety of approaches to assessing the impact of the shadow economy on the socio-economic development of Ukraine. The spread of the pandemic and the complication of economic conditions, formed as a result of the introduction of forced restrictive measures, have led to the growth of the shadow economy in Ukraine. The index of shadowing of the economic sphere in relation to the inflation index and the level of the state budget deficit has been studied. The factors that led to the shadowing of the economy and caused the growth of the share of the shadow sector in the economy of Ukraine are highlighted. The main components of shadow employment are identified. Business entities operating in the shadow sector have significantly more competitive advantages and much higher efficiency than legally operating businesses. As a result, such enterprises are an obstacle to the flow of funds to the budgets of all levels of the country, and as a consequence, have a negative impact on socio-economic development in general. In recent years, state budget expenditures have been growing too slowly, which indicates a high level of shadowing of the economy in conditions of high inflation and, consequently, negatively affects the socio-economic security of society. Budget expenditures are closely linked to public policy, which allows the state to curb the level of economic shadowing through measures to reform relevant areas. It is investigated that the State budget expenditures grow too slowly, which indicates a high level of shadowing of the economy in conditions of high inflation. The paper substantiates the reasons for the growth of the shadow economy and identifies the main measures to reduce shadow employment, the manifestations of which are the deformation of social and economic institutions of the state. The de-shadowing of the economy provides citizens with the right to social protection, in the form of social guarantees in case of unemployment, temporary incapacity for work, accidents or occupational diseases during official work, pensions, etc.

scholarly journals ECONOMIC FLUCTUATIONS AND THE SHADOW ECONOMY: A GLOBAL STUDY

2020 ◽  
Vol 20 (03) ◽  
pp. 2050015
Author(s):  
CANH P. NGUYEN ◽  
CHRISTOPHE SCHINCKUS ◽  
DINH SU THANH
Keyword(s):  
Capital Investment ◽  
Shadow Economy ◽  
Economic Fluctuations ◽  
Economic Activities ◽  
Macroeconomic Policies ◽  
Middle Income ◽  
Economic Instability ◽  
Gdp Growth Rate ◽  
Stabilizing Factors ◽  
The Impact

The recent economic crisis re-emphasizes the importance of the economic fluctuations. This study investigates the role of shadow economy in combination with economic factors on the economic instability for 133 economies between 1991 and 2015. Using the system-GMM estimations, this paper shows that a larger shadow economy increases the fluctuations of GDP growth rate in relation to the size and the volatility of shadow economy. Notably, the shadow economy presents an inverted-U relationship with economic instability and this relationship is strongest for low- and lower-middle income economies. Our results identify two categories of drivers for economic fluctuations: the stabilizing factors (the labor force and the TFP) and the enhancing factors (capital investment, consumption, government spending, trade, and FDI inflows). Interestingly, exports increase economic fluctuations while imports decrease them. Finally, we discuss the differences in the determinants of economic instability across low, middle and high incomes countries. This study documented that shadow economy influences the economic fluctuations — our results actually confirm our hypothesis and the impact of shadow economy on the effectiveness of macroeconomic policies. The contribution of this paper is to show the extent to which the impact can affect the economic activities and how institutions can smooth this effect.

The efficiency assessment of installation of a non-cash system in the public transport to combat the shadow economy

2021 ◽  
Vol 57 (3) ◽  
pp. 86
Author(s):  
Evgeniy Uvarov
Keyword(s):  
Credit Card ◽  
Shadow Economy ◽  
Passenger Transport ◽  
Population Number ◽  
The Public ◽  
Independent Variables ◽  
Efficiency Assessment ◽  
Cash Payment ◽  
The Impact ◽  
Regions Of Russia

This article describes the shadow economy in the public passenger transport sphere in regions of Russia. The goal of the work is to evaluate the impact of a non-cash payment system on the shadow economy. The relevance is to obtain quantitative assessments of the effectiveness of contactless payments using debit, credit and/or transport cards as a tool to combat the concealment of income by transport organizations via hiding the data on passengers carried in regions of Russia. The author uses econometric analysis of panel data for the period 2015–2018, where the dependent variable is the number of passengers carried. Among the independent variables are such indicators as price for a ride, number of population, number of buses, income of population, and other indicators that reflect presence or absence of discount for paying for a ride via debit, credit and/or transport cards in regions in Russia. The model considers autocorrelation and heteroskedasticity of the error in the regression, but also endogeneity of the variable «Price for a ride». As the results of research, absence of discount via a debit/credit card and discount via a transport card leads to an increase of the number of passengers carried. Meanwhile, presence of discount via a debit/credit card and absence of discount via a transport card does not lead to an increase of the number of passengers carried. At the end of 2018 a non-cash system got the most proliferation in the municipal transport than in commercial one

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