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Executive Summary

In: Formalizing the Shadow Economy in Serbia

Author

Listed:
  • Gorana Krstić

    (University of Belgrade)

  • Friedrich Schneider

    (University of Linz)

  • Mihail Arandarenko

    (University of Belgrade)

  • Milojko Arsić

    (University of Belgrade)

  • Branko Radulović

    (University of Belgrade)

  • Saša Ranđelović

    (University of Belgrade)

  • Irena Janković

    (University of Belgrade)

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.

Suggested Citation

  • Gorana Krstić & Friedrich Schneider & Mihail Arandarenko & Milojko Arsić & Branko Radulović & Saša Ranđelović & Irena Janković, 2015. "Executive Summary," Contributions to Economics, in: Gorana Krstić & Friedrich Schneider (ed.), Formalizing the Shadow Economy in Serbia, edition 127, chapter 0, pages 159-170, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-13437-6_10
    DOI: 10.1007/978-3-319-13437-6_10
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