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The Informal Economy

Oana Iuliana Rujoiu ()
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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
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