TY  - JOUR
AU  - Krstić, G.
AU  - Schneider, F.
AU  - Arandarenko, M.
AU  - Arsić, M.
AU  - Radulović, Branko
AU  - Djignelović, S.
AU  - Janković, I.
PY  - 2015
UR  - https://ralf.ius.bg.ac.rs/handle/123456789/846
AB  - The shadow economy is one of the biggest challenges to the Serbian economy, with its consequences in terms of tax evasion, labour market distortion, unfair competition, and inefficient allocation of resources. It is a major obstacle to the development of a strong business sector and to building a well-functioning market economy. Even though the shadow economy is still an important safety net for many individuals and households in Serbia, the disadvantages for workers, business, and society at large far outweigh the advantages. This chapter summarizes the main findings and the proposed policy measures for formalising the shadow economy.
T2  - Contributions to Economics
T1  - Executive summary
EP  - 170
SP  - 159
VL  - 212
DO  - 10.1007/978-3-319-13437-6_10
UR  - conv_3406
ER  - 

@article{
author = "Krstić, G. and Schneider, F. and Arandarenko, M. and Arsić, M. and Radulović, Branko and Djignelović, S. and Janković, I.",
year = "2015",
abstract = "The shadow economy is one of the biggest challenges to the Serbian economy, with its consequences in terms of tax evasion, labour market distortion, unfair competition, and inefficient allocation of resources. It is a major obstacle to the development of a strong business sector and to building a well-functioning market economy. Even though the shadow economy is still an important safety net for many individuals and households in Serbia, the disadvantages for workers, business, and society at large far outweigh the advantages. This chapter summarizes the main findings and the proposed policy measures for formalising the shadow economy.",
journal = "Contributions to Economics",
title = "Executive summary",
pages = "170-159",
volume = "212",
doi = "10.1007/978-3-319-13437-6_10",
url = "conv_3406"
}

Krstić, G., Schneider, F., Arandarenko, M., Arsić, M., Radulović, B., Djignelović, S.,& Janković, I.. (2015). Executive summary. in Contributions to Economics, 212, 159-170.
https://doi.org/10.1007/978-3-319-13437-6_10
conv_3406

Krstić G, Schneider F, Arandarenko M, Arsić M, Radulović B, Djignelović S, Janković I. Executive summary. in Contributions to Economics. 2015;212:159-170.
doi:10.1007/978-3-319-13437-6_10
conv_3406 .

Krstić, G., Schneider, F., Arandarenko, M., Arsić, M., Radulović, Branko, Djignelović, S., Janković, I., "Executive summary" in Contributions to Economics, 212 (2015):159-170,
https://doi.org/10.1007/978-3-319-13437-6_10 .,
conv_3406 .

TY  - JOUR
AU  - Arsić, M.
AU  - Arandarenko, M.
AU  - Radulović, Branko
AU  - Djignelović, S.
AU  - Janković, I.
PY  - 2015
UR  - https://ralf.ius.bg.ac.rs/handle/123456789/845
AB  - A shadow economy does not happen by accident. It is a recognised consequence of imperfections in the economic system and inadequacies in economic policy. While the factors that generate and foster the growth of a shadow economy are many and complex, literature considers the following to be the most important: excessive tax burden, government over-regulation of business, and poor performance by government bodies (tax, judiciary, police, and other authorities). Identifying the fundamental causes of a shadow economy is a precondition for designing efficient instruments and policy measures to tackle it. The aim of this chapter is to review the main causes of the shadow economy in Serbia. For this purpose we divided the causes of the shadow economy into: causes rooted in the tax system; causes linked to labour market institutions; other institutional and economic causes; and causes present in the financial sector. We analysed these causes using, wherever possible and appropriate, elementary theoretical analysis, comparative data, views held by social partners on how institutions operate, and the results of the Survey on Conditions for Doing Business in Serbia.
T2  - Contributions to Economics
T1  - Causes of the shadow economy
EP  - 46
SP  - 21
VL  - 212
DO  - 10.1007/978-3-319-13437-6_4
UR  - conv_3402
ER  - 

@article{
author = "Arsić, M. and Arandarenko, M. and Radulović, Branko and Djignelović, S. and Janković, I.",
year = "2015",
abstract = "A shadow economy does not happen by accident. It is a recognised consequence of imperfections in the economic system and inadequacies in economic policy. While the factors that generate and foster the growth of a shadow economy are many and complex, literature considers the following to be the most important: excessive tax burden, government over-regulation of business, and poor performance by government bodies (tax, judiciary, police, and other authorities). Identifying the fundamental causes of a shadow economy is a precondition for designing efficient instruments and policy measures to tackle it. The aim of this chapter is to review the main causes of the shadow economy in Serbia. For this purpose we divided the causes of the shadow economy into: causes rooted in the tax system; causes linked to labour market institutions; other institutional and economic causes; and causes present in the financial sector. We analysed these causes using, wherever possible and appropriate, elementary theoretical analysis, comparative data, views held by social partners on how institutions operate, and the results of the Survey on Conditions for Doing Business in Serbia.",
journal = "Contributions to Economics",
title = "Causes of the shadow economy",
pages = "46-21",
volume = "212",
doi = "10.1007/978-3-319-13437-6_4",
url = "conv_3402"
}

Arsić, M., Arandarenko, M., Radulović, B., Djignelović, S.,& Janković, I.. (2015). Causes of the shadow economy. in Contributions to Economics, 212, 21-46.
https://doi.org/10.1007/978-3-319-13437-6_4
conv_3402

Arsić M, Arandarenko M, Radulović B, Djignelović S, Janković I. Causes of the shadow economy. in Contributions to Economics. 2015;212:21-46.
doi:10.1007/978-3-319-13437-6_4
conv_3402 .

Arsić, M., Arandarenko, M., Radulović, Branko, Djignelović, S., Janković, I., "Causes of the shadow economy" in Contributions to Economics, 212 (2015):21-46,
https://doi.org/10.1007/978-3-319-13437-6_4 .,
conv_3402 .

TY  - JOUR
AU  - Krstić, G.
AU  - Schneider, F.
AU  - Arandarenko, M.
AU  - Arsić, M.
AU  - Radulović, Branko
AU  - Djignelović, S.
AU  - Janković, I.
PY  - 2015
UR  - https://ralf.ius.bg.ac.rs/handle/123456789/837
AB  - This chapter summarises the main findings of the study and recommendations for formalising the shadow economy. First the chapter outlines the key causes of the shadow economy in Serbia and it then provides an estimate of the shadow economy in relation to GDP, estimates of various forms of the shadow economy in the sectors of businesses and entrepreneurs, and the businesses' and entrepreneurs' characteristics. This leads to an examination of the effects that formalising the shadow economy can have on the government budget and economic growth. The chapter then reviews the findings on the administrative and institutional capacities of the government institutions tasked with overseeing the operation of business entities. The policy recommendations that we propose are a set of preventive measures and incentives aimed at formalising the shadow economy which cover tax policy and regulation, labour market institutions, and the financial sector. The recommendations that entail building the administrative capacity of government bodies relate primarily to the institutions that oversee businesses with informal employees and/or that make and receive cash payments: the Tax Authority, the Labour Inspectorate, and the Market Inspectorate. The final part of the chapter provides the key recommendations for formalising the shadow economy for each of these areas, their sectoral coverage, the institutions responsible for conducting such measures, and the expected outcomes of their implementation.
T2  - Contributions to Economics
T1  - Main findings and recommendations
EP  - 158
SP  - 123
VL  - 212
DO  - 10.1007/978-3-319-13437-6_9
UR  - conv_3346
ER  - 

@article{
author = "Krstić, G. and Schneider, F. and Arandarenko, M. and Arsić, M. and Radulović, Branko and Djignelović, S. and Janković, I.",
year = "2015",
abstract = "This chapter summarises the main findings of the study and recommendations for formalising the shadow economy. First the chapter outlines the key causes of the shadow economy in Serbia and it then provides an estimate of the shadow economy in relation to GDP, estimates of various forms of the shadow economy in the sectors of businesses and entrepreneurs, and the businesses' and entrepreneurs' characteristics. This leads to an examination of the effects that formalising the shadow economy can have on the government budget and economic growth. The chapter then reviews the findings on the administrative and institutional capacities of the government institutions tasked with overseeing the operation of business entities. The policy recommendations that we propose are a set of preventive measures and incentives aimed at formalising the shadow economy which cover tax policy and regulation, labour market institutions, and the financial sector. The recommendations that entail building the administrative capacity of government bodies relate primarily to the institutions that oversee businesses with informal employees and/or that make and receive cash payments: the Tax Authority, the Labour Inspectorate, and the Market Inspectorate. The final part of the chapter provides the key recommendations for formalising the shadow economy for each of these areas, their sectoral coverage, the institutions responsible for conducting such measures, and the expected outcomes of their implementation.",
journal = "Contributions to Economics",
title = "Main findings and recommendations",
pages = "158-123",
volume = "212",
doi = "10.1007/978-3-319-13437-6_9",
url = "conv_3346"
}

Krstić, G., Schneider, F., Arandarenko, M., Arsić, M., Radulović, B., Djignelović, S.,& Janković, I.. (2015). Main findings and recommendations. in Contributions to Economics, 212, 123-158.
https://doi.org/10.1007/978-3-319-13437-6_9
conv_3346

Krstić G, Schneider F, Arandarenko M, Arsić M, Radulović B, Djignelović S, Janković I. Main findings and recommendations. in Contributions to Economics. 2015;212:123-158.
doi:10.1007/978-3-319-13437-6_9
conv_3346 .

Krstić, G., Schneider, F., Arandarenko, M., Arsić, M., Radulović, Branko, Djignelović, S., Janković, I., "Main findings and recommendations" in Contributions to Economics, 212 (2015):123-158,
https://doi.org/10.1007/978-3-319-13437-6_9 .,
conv_3346 .