Economics at your fingertips  

The Informal Economy

Oana Iuliana Rujoiu ()
Additional contact information
Oana Iuliana Rujoiu: The Bucharest University of Economics Studies

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 303-309

Abstract: The informal economy can take forms as: fraud or scale evasion, diversion or abuse of advantage scale, moonlighting, fiscal paradises, money laundering, money for drugs and criminal activities, shadow banking, off-shore centers, numbered accounts. The underground economy includes legal business activities carried out outside the eyes of the public authorities. In full swing, the undeclared economy is a big piece of the overall economy, and its impact on the growth of states is not negligible. In Romania, the undeclared economy represents 31,9% of the country's GDP, and it has a significant impact on the growth of the economy.

Keywords: the informal economy; the undeclared economy (search for similar items in EconPapers)
JEL-codes: K42 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

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:

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().

Page updated 2019-09-14
Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:303-309