Conceptual Bases to Define Shadow Economy

ksana alentynivna ezhyvenko, National University of Kyiv-Mohyla Academy


Author's ORCID identifiers:


Abstract


The article presents theoretical bases to define shadow economy. The importance is stressed to study and tackle this challenge in transition countries and in Ukraine particularly. It is emphasized that a substantial size of shadow economy affects the official economy by causing corruption and, being a feature of a survival economy, hinders long-term growth perspective on a country level. The definitions of the 'shadow economy', 'non-observed economy' and 'underground economy' are provided based on the System of National Accounts and the principles of the Organization for Economic Cooperation and Development.


Keywords


shadow economy; non-observed economy; transition countries; Ukraine

References


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Cite this article in APA format:

, . (2016). Conceptual Bases to Define Shadow Economy. Scientific Papers NaUKMA. Economics, 172, 69-73.

Cite this article in GOST format:

. Conceptual Bases to Define Shadow Economy // Scientific Papers NaUKMA. Economics. - 2016. - Vol. 172. - P. 69-73.

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