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The Shadow Economy and Its Impact on National Competitiveness: The Case of Slovenia

Author

Listed:
  • Zagoršek Hugo
  • Jaklič Marko
  • Hribernik Aljaž

    (Faculty of Economics, University of Ljubljana, Slovenia)

Abstract

The paper presents a socioeconomic analysis of the phenomena of informal economic activity. It is argued that the shadow economy has been beneficial for Slovenian society since the 19th century and has significantly contributed to the success of the Slovenian economy under the socialist regime. During Slovenia's transitional phase it has stimulated the formal economy, soothed social tensions and allowed export-oriented enterprises to remain internationally competitive by paying lower wages and obtaining cheaper inputs. However, it hinders innovation, impedes entrepreneurship and maintains the status quo, and thus represents an obstacle for future economic development in Slovenia.

Suggested Citation

  • Zagoršek Hugo & Jaklič Marko & Hribernik Aljaž, 2009. "The Shadow Economy and Its Impact on National Competitiveness: The Case of Slovenia," South East European Journal of Economics and Business, Sciendo, vol. 4(1), pages 37-50, April.
    • Handle: RePEc:vrs:seejeb:v:4:y:2009:i:1:p:37-50:n:3
    DOI: 10.2478/v10033-009-0003-6
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