Drivers of shadow economy in transition countries during the post-crisis period: The results of structural model

Aleksandra Fedajev () and Milica Arsiæ
Additional contact information
Aleksandra Fedajev: University of Belgrade
Milica Arsiæ: University of Belgrade

A chapter in Proceedings of FIKUSZ '17, 2017, pp 20-34 from Óbuda University, Keleti Faculty of Business and Management

Abstract: During the recent years the problem of the shadow economy is becoming more prominent, especially in transition countries that are faced with the numerous structural imbalances inherited from central-planning period. The emergence of the global economic crisis emphasized the necessity of solving this problem, given that widespread shadow economy reduces the amount of available budget funds for the implementation of anti-crisis measures. Having that in mind, the aim of this paper is to assess the role of wealth or living standards, market openness, political environment and tax system in the emergence and development of the shadow economy in the European transition economies during the period 2009-2014, using PLS-SEM model. The conducted research enabled authors to suggest recommendations and guidelines that policymakers should include in their long-term strategy for fighting the shadow economy.

Keywords: shadow economy; transition countries; PLS-SEM model; global economic crisis; economic development (search for similar items in EconPapers)
Date: 2017
ISBN: 978-963-449-064-7
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://kgk.uni-obuda.hu/sites/default/files/02-Fedajev-Arsic.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://kgk.uni-obuda.hu/sites/default/files/02-Fedajev-Arsic.pdf [301 Moved Permanently]--> https://kgk.uni-obuda.hu/sites/default/files/02-Fedajev-Arsic.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: https://EconPapers.repec.org/RePEc:pkk:sfyr17:20-34

Access Statistics for this chapter

More chapters in Proceedings of FIKUSZ 2017 from Óbuda University, Keleti Faculty of Business and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alexandra Vécsey ( this e-mail address is bad, please contact ).