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.
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 .
