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A Brief Analysis Of The Shadow Economy In Europe

Author

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  • Loredana Maftei

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Shadow economy affects all country around the world. European countries are affected by undeclared work, under-reporting and tax evasion. This phenomenon increases from West to East, the most affected being the Balkan area. The size of shadow economy is growing due to government actions, such as regulation and tax implementation. From a macroeconomic perspective, the economic cycle sustain the shadow economy levels. To combat this phenomenon it is necessary to adopt electronic payments, to reduce tax implementations and social contributions, to bring encouragement in cash deposits use and broaden credit cards.

Suggested Citation

  • Loredana Maftei, 2013. "A Brief Analysis Of The Shadow Economy In Europe," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 548-555, December.
    • Handle: RePEc:jes:wpaper:y:2013:v:5:i:4:p:548-555
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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2013_V4_MAF.pdf
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    References listed on IDEAS

    as
    1. Schneider, Friedrich, 2005. "Shadow economies around the world: what do we really know?," European Journal of Political Economy, Elsevier, vol. 21(3), pages 598-642, September.
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    Cited by:

    1. Ligita Gasparėnienė & Rita Remeikienė & Colin C. Williams, 2022. "Unemployment and the Informal Economy," SpringerBriefs in Economics, Springer, number 978-3-030-96687-4, October.
    2. Ligita Gasparėnienė & Rita Remeikienė & Colin C. Williams, 2022. "Theorizing the Informal Economy," SpringerBriefs in Economics, in: Unemployment and the Informal Economy, chapter 0, pages 7-60, Springer.

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    More about this item

    Keywords

    shadow economy; tax evasion; regulation; undeclared work; under-reporting Romania;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy

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