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Formalizing the Shadow Economy in Serbia

Policy Measures and Growth Effects

by Gorana Krstić, Friedrich Schneider

Formalizing the Shadow Economy in Serbia

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Book Description

The main objective of this book is to develop a strategy and policy measures to enhance the formalization of the shadow economy in order to improve the competitiveness of the economy and contribute to economic growth; it explores these issues with special reference to Serbia. The size and development of the shadow economy in Serbia and other Central and Eastern European countries are estimated using two different methods (the MIMIC method and household-tax-compliance method). Micro-estimates are based on a special survey of business entities in Serbia, which for the first time allows us to explore the shadow economy from the perspective of enterprises and entrepreneurs. The authors identify the types of shadow economy at work in business entities, the determinants of shadow economy participation, and the impact of competition from the informal sector on businesses. Readers will learn both about the potential fiscal effects of reducing the shadow economy to the levels observed in more developed countries and the effects that formalization of the shadow economy can have on economic growth.

This open book is licensed under a Creative Commons License (CC BY-NC). You can download Formalizing the Shadow Economy in Serbia ebook for free in PDF format (2.2 MB).

Book Details

Title
Formalizing the Shadow Economy in Serbia
Subject
Economics and Finance
Publisher
Springer
Published
2015
Pages
182
Edition
1
Language
English
ISBN13
9783319134369
ISBN10
3319134361
ISBN13 Digital
9783319134376
ISBN10 Digital
331913437X
PDF Size
2.2 MB
License
CC BY-NC

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