Analysis of the Shadow Economy in the Czech Republic and a Process Model for its Prevention

Milan Douša, Darina Koreňová and Jana Džunová
Additional contact information
Milan Douša: Pavol Jozef Šafárik University in Košice, Faculty of Public Administration, Popradská 66, 040 11 Košice, Slovak Republic
Darina Koreňová: Pavol Jozef Šafárik University in Košice, Faculty of Public Administration, Popradská 66, 040 11 Košice, Slovak Republic
Jana Džunová: Pavol Jozef Šafárik University in Košice, Faculty of Public Administration, Popradská 66, 040 11 Košice, Slovak Republic

Acta Universitatis Bohemiae Meridionalis, vol. preprint

Abstract: The shadow economy represents a significant aspect of economic reality in every country. It operates alongside the official economy but remains unrecorded in official statistics. The primary aim of this contribution is to estimate the size of the shadow economy in the Czech Republic and to explain possible sources of inaccuracies in these estimates. A custom estimate of the shadow economy in the Czech Republic will be using the currency demand method, followed by a comparative analysis of the results, and a process model for its prevention will be proposed. This contribution presents an exploration of the shadow economy over the period from 1993 to 2023, with a prediction of the current situation. These findings contribute to a better understanding of the shadow economy phenomenon and provide valuable insights for public policy formulation.

Keywords: shadow economy; currency demand method; currency in circulation; process model; Czech Republic (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
http://acta.ef.jcu.cz/artkey/aub-000000-0751.php (text/html)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:preprint:id:aub-000000-0751

Access Statistics for this article

Acta Universitatis Bohemiae Meridionalis is currently edited by Tereza Šťástková

More articles in Acta Universitatis Bohemiae Meridionalis from University of South Bohemia in Ceske Budejovice, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ivo Andrle ().