How To Manage Underground Economy- Related Issues

Oana Simona Hudea ()
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Oana Simona Hudea: Faculty of Business and Administration , University of Bucharest, Romania

Manager Journal, 2017, vol. 25, issue 1, 99-109

Abstract: The aim of the paper is to reveal the main causes and consequences of the underground economy, seen as a mix between the shadow economy, reflecting the officially unreported monetary transactions, and the black economy, consisting in the criminal monetary transactions associated with the latter. Given that the underground economy, as a whole, can stand for and/or deepen the budgetary deficit of any country, by diminishing the level of revenues to the state budget, leading, as a consequence, to restrictions as to the public spending volume, thereby adversely influencing the living standard of its population, the focus of the study is related to laying, to a reasonable extent, the general framework, for limiting, via well-grounded macroeconomic fiscal policies and other related, targeted measures, the negative effects of the same.

Keywords: underground economy; shadow economy; black economy; budgetary deficit; macroeconomic policies (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:but:manage:v:25:y:2017:i:1:p:99-109

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