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ТHE PROBLEMS OF THE SHADOW ECONOMY IN THE EUROPEAN UNION COUNTRIES

https://doi.org/10.26425/1816-4277-2018-7-76-81

Abstract

Globalization and the development of information technologies have dramatically changed the space in which economic entities function and carry out their activities. However, despite all the advantages of modern technology and the fact that they allow to save transaction costs, many enterprises are still prone to the use of cash in the implementation of various types of transactions. Transactions served in cash are easy to hide and not to declare, thus generating one of the most destructive phenomena in the society - the shadow economy, which includes activities deliberately concealed from the state authorities. The study of problems of the shadow economy growth and the identification of major reasons for it in the European Union countries is presented.

About the Author

E. Akopyan
Russia-Armenian (Slavonic) University
Russian Federation


References

1. Schneider F. Size and development of the shadow economy of 31 European countries from 2003 to 2013, March 2013, pp. 54-57.

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6. Schneider, F. The Shadow Economy and Shadow Labor Force: Results, Problems and open Questions, Discussion Paper, Department of Economics, University of Linz, Linz, June, 2014, 30 p.


Review

For citations:


Akopyan E. ТHE PROBLEMS OF THE SHADOW ECONOMY IN THE EUROPEAN UNION COUNTRIES. Vestnik Universiteta. 2018;(7):76-81. (In Russ.) https://doi.org/10.26425/1816-4277-2018-7-76-81

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ISSN 1816-4277 (Print)
ISSN 2686-8415 (Online)