Organizations and Markets in Emerging Economies, 2019 The presence of the shadow economy differs considerably among the countries. Therefore, determination of factors behind the differences in the size of cross-country shadow economy becomes more of an issue for designing and implementing the right policies
Yılmaz Bayar, Ömer Faruk Öztürk
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Financial Development and Shadow Economy in European Union Transition Economies [PDF]
Managing Global Transitions, 2016 The shadow economy has been a serious problem with varying dimensions in all the income group economies and has significant adverse effects on the development of economies.
Yilmaz Bayar, Omer Faruk Ozturk
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Republic of Serbia’s economy after the global recession of 2020: Structural problems in the shadow of growth [PDF]
Economic Horizons, 2023 After the COVID-19 pandemic-induced global recession of 2020, the Republic of Serbia achieved one of its highest growth rates in 2021 in the past two decades of transition, that rate being 7.5% (only in 2004 was a higher 9% growth rate achieved).
Edvard Jakopin, Aleksandar Gračanac
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The geographical distribution of the shadow economy and its decline in Uzbekistan [PDF]
E3S Web of Conferences, 2021 The topic of this research is to study the geographical distribution of the shadow economy around the world, and in particular to study its state in the territory of the Republic of Uzbekistan.
Sangirova Umida +4 more
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The Shadow Economy, Human Development and Foreign Direct Investment Inflows [PDF]
Journal of Competitiveness, 2020 to become an essential player in international economic relations and take a prominent place in the world market. In this context, foreign direct investment inflows are accepted as a source of competitiveness through knowledge, know-how and technology ...
Yilmaz Bayar +4 more
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Formal and informal institutions: understanding the shadow economy in transition countries
Journal of Institutional Economics, 2023 AbstractThis paper reviews work that tests (1) how formal and informal institutions, and especially their interaction, affect participation in the shadow economy in transition countries; and (2) how participating in these shadow economies affects individuals' well-being.
Klarita Gërxhani, Stanisław Cichocki
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Measuring Underground (Unobserved, Non-Observed, Unrecorded) Economies in Transition Countries: Can We Trust GDP? [PDF]
, 2007 This paper compiles alternative estimates of underground economies in twenty five transition countries during the transition decade and finds a disturbing lack of convergence between them, calling into question the reliability of GDP figures (which in ...
Edgar L. Feige, Ivica Urban
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The Shadow Economy and Globalization: A Comparison Between Difference GMM and System GMM Approaches [PDF]
International Journal of Business and Development Studies, 2014 In a general classification, the economy of any country is divided into two parts of official and invisible economies. Invisible activities drop outside the scope of the law and official economy and strongly affect socioeconomic development and the ...
Mansour Zarra-Nezhad +2 more
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Engineering Economics, 2022 The shadow economy (SE) is a global phenomenon that affects every country. However, its forms and mechanisms may differ depending on a country's socio-economic characteristics. The major characteristic is a country’s economic system. Hence, market and transition economies can be affected differently.
Aleksandra Fedajev +4 more
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Corruption and shadow economy in transition economies of European Union countries: a panel cointegration and causality analysis [PDF]
Economic Research-Ekonomska Istraživanja, 2018 Corruption and shadow economy are two critical problems which feed each other and pose an obstacle against the economic development of countries, especially those with weak fundamentals.
Bayar, Yilmaz +3 more
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