scholarly journals DETECTION AND PREVENTION OF SHADOW ACTIVITY OF ENTERPRISES IN THE MODERN ECONOMY OF UKRAINE

2020 ◽  
pp. 50-57
Author(s):  
Alexander Bradul ◽  
◽  
Vira Shepeliuk ◽  
Keyword(s):  
Economic Activity ◽  
Government Regulation ◽  
Shadow Economy ◽  
Real Problem ◽  
Negative Effects ◽  
Development Indicators ◽  
Illegal Activities ◽  
The Impact ◽  
Theoretical Foundations ◽  
Logical Research

Shadow economy is a rather ambiguous and multifaceted concept. The shadow sector includes a variety of illegal activities as well as legal but unofficial or not formally recorded. The presence of shadow economic activity becomes a real problem for government regulation, especially in conditions of significant shocks, as it reduces fiscal potential, distorts development indicators and complicates any analytical conclusions about the state of the economic system. The purpose of the article is to highlight the theoretical foundations of the shadow economy, analyze the shadow sector of the Ukrainian economy and identify possible ways to minimize it. The authors used in the article historical and logical research methods that allowed us to characterize the socio-economic reasons for the emergence and scope of the shadow sector of the economy of Ukraine; abstract and concrete, which is used in the process of determining the impact of economic shadowing on certain areas of economic activity. The issue of the influence of the shadow economy on various aspects of state development is complex and requires detailed analysis. However, perhaps the most important thing is to maintain the security of the country as a whole, including its economic component. The expansion of the shadow sector of Ukraine's economy beyond the threshold determines the need to intensify theoretical and practical studies of the nature of the process of shadowing of the economy, limiting the negative effects of this phenomenon, the introduction of leverage the direct and indirect impact on the shadow economy of Ukraine, ensuring of the theoretical achievements for the formation of vectors of shadows.

scholarly journals Shadow economy and its impact on the public administration: aspects of financial and economic security of the country's industry

2021 ◽  
pp. 81-101
Author(s):  
Nestor SHPAK ◽  
Ihor KULYNIAK ◽  
Maryana GVOZD ◽  
Olga PYROG ◽  
Włodzimierz SROKA
Keyword(s):  
Public Administration ◽  
Public Management ◽  
Shadow Economy ◽  
Economic Security ◽  
Real Problem ◽  
Integral Index ◽  
Analytic Hierarchy ◽  
Development Indicators ◽  
The Public ◽  
The Impact

Many countries face with a shadow economy today. This phenomenon is a real problem for the governments, especially in the context of significant upheavals, reducing fiscal potential, distorting the development indicators and complicating any analytical conclusions about the state of the economic system. Given these facts the study analyses the problem of shadow industry in the Ukraine’s regions, in particular by evaluating the integral index of financial and economic security of the industry. Its goals are: 1) development of the theoretical and applied approaches to the impact of the shadow economy on the public administration in relation to financial and economic security of industry in the regions of the country; 2) improvement of the methodology for governmental policy analysis of the level of the shadow economy in the said industry. Recommendation of the public policy measures to reduce the level of shadow industry in the regions were also presented. The method of analytic hierarchy process, the expert methods and the method of calculating the integral index as research methods were used in the study. Based on the analysis conducted, the matrix of strategic zones “Level of the shadow economy - level of the financial and economic security” was constructed. The proposed matrix should be useful in taking public management decisions, depending on the strategic area in which the region is located.

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.

scholarly journals Geoeconomics and entrepreneurship during the COVID-19 pandemic

2021 ◽  
Vol 55 (3) ◽  
pp. 930-952
Author(s):  
Marijana Maksimović ◽  
Neven Cvetićanin
Keyword(s):  
Labour Market ◽  
Economic Activity ◽  
Significant Contribution ◽  
Research Question ◽  
Scientific Research ◽  
Negative Effects ◽  
Social Dialogue ◽  
The World ◽  
The Impact

The aim of this research is to examine how the coronavirus, which has become a global process, has affected the labour market. The goal is to confirm or reject the hypothesis that there has been an increase in unemployment since the beginning of the pandemic. Also, the aim is to answer the research question whether social dialogue has managed to mitigate the negative effects of the coronavirus (COVID-19). Analytical and descriptive methods were used in this research. The scientific research presented in this paper makes a significant contribution to the study of the impact of the coronavirus on the regions, economic activity and unemployment. The paper presents data on the number of the (un)employed in the world before the beginning of the pandemic and after the end of the first and most critical year.

A Brief Analysis of Underground Markets in Eastern Europe

2014 ◽  
Vol 3 (3) ◽  
pp. 44-56
Author(s):  
Loredana Maftei
Keyword(s):  
Eastern Europe ◽  
Social Status ◽  
Organized Crime ◽  
Shadow Economy ◽  
International Terrorism ◽  
Real Problem ◽  
Eastern European ◽  
The World ◽  
Illegal Activities ◽  
Significant Region

Abstract In the last decade, the financial underground markets evolved in a surprisingly way, around the world. Eastern Europe is a significant region, where illegal activities associated with the shadow economy became a real problem that affects the governments stability, the economical, political and social status. Due to the influence of old regimes and the current tolerance of the Eastern European nations, this underground corridors emphasize the risk of interfering with the financing platforms of international terrorism or organized crime

Assessment of the impact of the tax burden on the formation of sectoral features of the shadow economy of Russia

2020 ◽  
Vol 6 (1) ◽  
pp. 216-230
Author(s):  
Dmitry Yu. Fedotov
Keyword(s):  
Economic Activity ◽  
Inverse Relationship ◽  
Shadow Economy ◽  
Electric Power Industry ◽  
Extractive Industries ◽  
Tax Burden ◽  
Russian Economy ◽  
Sectoral Differences ◽  
The Impact ◽  
High Share

This article examines the degree of influence of the tax burden on the formation of the shadow economy in Russia in the context of types of economic activity. The perspectives of various authors were taken into consideration when discussing that taxes have the greatest impact on the desire of taxpayers to “go into the shadows”. The author has studied various methods of measuring the value of the shadow economy used in the contemporary research. He presents the analysis of scales of shadow economy of Russia in 2011-2017 with application of various methods. Using the method measuring the share of economic operations not observed by direct statistical methods, the author has analyzed the value of the shadow economy in the sectors of the Russian economy. The results prove that the highest level of the shadow economy is observed in the sphere of real estate transactions, in agriculture, and in construction. The lowest level of the shadow economy was revealed in the financial sector, extractive industries, and electric power industry. The analysis of sectoral differences in the tax burden in Russia has uncovered the existence of an inverse relationship between the size of the tax burden and the scale of the shadow economy: in those industries, where a low tax burden is detected, there is usually a high share of the shadow economy. The obtained results allow confirming the originally proposed hypothesis that the high tax burden is not the leading factor provoking business to “go into the shadows” in order to avoid paying taxes.

Trade Contraction and Economic Decline: The Paraguayan Economy under Francia, 1810–1840

1994 ◽  
Vol 26 (3) ◽  
pp. 539-595 ◽  
Author(s):  
Mario Pastore
Keyword(s):  
Economic Activity ◽  
Government Regulation ◽  
Budget Deficits ◽  
Economic Decline ◽  
Negative Effects ◽  
Early National Period ◽  
Long Run ◽  
Political Effects ◽  
Early National ◽  
Standing Army

I argue here that economic activity fell considerably in the first three decades of Paraguay's early national period, below levels it had attained in the late colonial period and would attain again only after the mid-nineteenth century. I attribute this economic depression primarily to regional political fragmentation and the institutional regression it triggered. In the 1810s, the United Provinces of the River Plate sought to keep the former Viceroyalty of the River Plate under a single federal government, but failed to prevent Paraguay's early secession. Their subsequent trade blockades and military threats had profound economic and political effects on Paraguay: revenues from foreign trade taxation fell, scale economies in defence and justice provision vanished, a standing army emerged, government budget deficits worsened, mercantilist regulations heightened, the fiscal burden increased, and transactions costs generally rose. Proponents of federation, more representative governments, and freer trade progressively declined, while supporters of secession, political absolutism, and government regulation became ever more prominent. In the 1820s, blockade relaxations exacerbated economic intervention by the state, which substantially redistributed property rights in land towards itself. In the 1830s, renewed blockading had more than proportional negative effects on economic activity, which remained below late colonial levels at least until international waterways became freely navigable shortly after mid-century. Colonial absolutism and mercantilism may be said to have been restored with a vengeance. Long-run economic performance worsened.

scholarly journals Rationality of creating mechanisms of state regulation of investment activities in the context of environmental processes

2021 ◽  
Vol 284 ◽  
pp. 11013
Author(s):  
Madina Abdulkadyrova ◽  
Zarema Sarakayeva ◽  
Aset Tazbiyeva ◽  
Zaynap Tazbiyeva
Keyword(s):  
Economic Activity ◽  
State Regulation ◽  
Ecological State ◽  
Investment Activity ◽  
Investment Projects ◽  
Environmental Processes ◽  
Socio Economic Development ◽  
The Impact ◽  
Theoretical Foundations ◽  
Definite Result

The paper discloses the conceptual and theoretical foundations and approaches to the formation of state mechanisms for regulating the development and implementation of eco-economically efficient investment projects. The mechanisms of state regulation of investment activity, like similar mechanisms in other spheres of activity, are guided by a quite definite result, which can be called target. This result is the effects obtained in the form of the impact of the processes of economic activity of an industrial enterprise on the environment after the implementation of the investment project.The main mechanism for the implementation of regulatory and legal support is economic one based on the development of state forecasts of the socio-economic development of the country, its individual regions and their ecological state. In our opinion, the economic mechanism should also be based on forecasts of investment activities carried out from various sources and various industries, regions, a forecast assessment of the investment attractiveness of the national economy in general, industries, regions.

scholarly journals Financial Vulnerability and Economic Dynamics in Malaysia

2020 ◽  
Vol 9 (s1) ◽  
pp. 55-73
Author(s):  
Tai-Hock Kuek ◽  
Chin-Hong Puah ◽  
M. Affendy Arip
Keyword(s):  
Economic Activity ◽  
Factor Model ◽  
Composite Indicator ◽  
Property Market ◽  
Financial Vulnerability ◽  
Negative Effects ◽  
Early Warning Mechanism ◽  
Approximate Factor Model ◽  
Vulnerability Indicator ◽  
The Impact

AbstractThis study attempts to develop a financial vulnerability indicator serving as a composite indicator for the state of financial vulnerability. The indicator was constructed from 10 variables of macroeconomic, financial and property market by extracting a common vulnerability component through the dynamic approximate factor model. On the feedback and amplification effects, the outcome revealed that financial vulnerability shock catalysed significant negative effects on economic activity in a high-vulnerability regime, while the impact was negligible in periods of low vulnerability. This study highlighted the usefulness of composite indicators as an early warning mechanism to gauge vulnerabilities in the Malaysian financial system.

scholarly journals The impact of COVID – 19 on Collecting of Tax Revenues in Kosovo

2021 ◽  
Vol 114 ◽  
pp. 01031
Author(s):  
Albina Sekiraqa ◽  
Edona Sekiraça ◽  
Verona Sekiraqa ◽  
Skender Ahmeti
Keyword(s):  
Tax Evasion ◽  
Economic Activity ◽  
Primary Sources ◽  
Negative Effects ◽  
Employment Level ◽  
Secondary Sources ◽  
Tax Revenues ◽  
Macroeconomic Indicators ◽  
The Impact ◽  
Research Show

This paper aims to present the effect of the pandemic crisis COVID - 19 on the economy of Kosovo, namely tax revenues focusing on the impact of the pandemic situation on macroeconomic indicators such as Gross Domestic Product. The impact of the crisis on the collection of tax revenues, the impact of the crisis on tax evasion, the effect of the crisis on business turnover, and the ratio of tax revenues to GDP. The data that have been used in this paper are data from primary sources through questionnaires and data from secondary sources. The findings of this research show that the pandemic situation in 2020 has slowed down local economic growth, declined trend of tax revenues, declined trend of GDP compared to the previous periods, and other negative effects such as declined economic activity, business, and employment level.

ASSESSMENT OF CLUSTERING POTENTIAL OF MANUFACTURING SECTOR OF VITEBSK REGION

2019 ◽  
pp. 43
Author(s):  
Elena Kostuchenko
Keyword(s):  
Economic Activity ◽  
Manufacturing Sector ◽  
Industrial Cluster ◽  
Structural Elements ◽  
Per Capita ◽  
Definition Of ◽  
The Impact ◽  
The Given ◽  
Theoretical Foundations

The theoretical foundations of clusters are studied. The impact of clusters to the competitiveness of organizations is revealed. The structural elements of clusters have been identified. The definition of innovation-industrial cluster is proposed. Widely used method for identifying clusters are listed. The assessment of clustering potential of manufacturing sector of Vitebsk region is made on the basis of the analysis of the coefficients of localization by types of economic activity, per capita production by types of economic activity and specialization of the region on the given type of economic activity.

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