THE INFLUENCE OF THE SHADOW ECONOMY ON SOCIETY.
Keywords:
underground economy, growing economy, official economy, institutional sclerosis, formal and informal economy, social development.Abstract
This article is devoted to the impact of the shadow economy on various aspects of society, including economic, and social development. The shadow economy is a phenomenon of great importance. Because of this it deserves a lot of attention and study. It is especially important for the implications that it has for the competitiveness of enterprises and for the equity and efficiency of the market economy. The shadow economy encompasses all economic activities that are not recorded in official statistics, such as unreported income, informal employment, and illegal activities.
References
Journal of Economic Literature, Vol. XXXVIII (March 2000), Schneider and Enste: Shadow Economies: Size, Causes, and Consequences: pp 77-89
Enste, D. The shadow economy in industrial countries. IZA World of Labor 2018: 127 doi: 10.15185/izawol.127.v2
Bovi, M. (2002). The nature of the underground economy. ISAE
Allingham, M. G. and A. Sandmo, 1972, “Income Tax Evasion: A Theoretical Analysis”, Journal of Public Economics, 1972, 1 (314) (November), 323-38.
