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Will The Present Economic-Financial Crisis Cause The Expansion Of The Underground Economy?

Author

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  • Adrian Ducu MATEI

    () (The Athenaeum University of Bucharest,)

Abstract

This paper highlights the main features of the underground economy at the European level, laying the stress on Romania. The underground economy seems to have a major significance because important resources of the budget are “missed” by the state, with consequences for a decent standard of living and social peace. The data on such phenomena are recent and reveal Romania’s features in relation to the other EU member states. The presenteconomic context, determined by the economic-financial crisis, worsens these phenomena, which, in turn, worsens the crisis

Suggested Citation

  • Adrian Ducu MATEI, 2013. "Will The Present Economic-Financial Crisis Cause The Expansion Of The Underground Economy?," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 17(1), pages 128-137, MAI.
  • Handle: RePEc:fmb:journl:v:17:y:2013:i:1:p:128-137
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    References listed on IDEAS

    as
    1. Kimberly Ann Elliott, 1997. "Corruption and the Global Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 12.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    crisis; underground economy; corruption; sustainable economy;

    JEL classification:

    • P0 - Economic Systems - - General
    • F0 - International Economics - - General
    • D0 - Microeconomics - - General
    • P35 - Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • P5 - Economic Systems - - Comparative Economic Systems

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