THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL
The aim of the article is to reveal the essence of the shadow economy and its impact on the financial potential of a country. We have discovered that the shadow economy is an objective phenomenon which is inherent in the economic systems of all countries, and that its level is determined by the leve...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Wydawnictwo SGGW - Warsaw University of Life Sciences Press
2020-12-01
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| Series: | Polityki Europejskie, Finanse i Marketing |
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| Online Access: | https://pefim.sggw.pl/article/view/4955 |
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| author | Nadiia Davydenko Ivan Olifer Natalia Wasilewska Mirosław Wasilewski |
| author_facet | Nadiia Davydenko Ivan Olifer Natalia Wasilewska Mirosław Wasilewski |
| author_sort | Nadiia Davydenko |
| collection | DOAJ |
| description | The aim of the article is to reveal the essence of the shadow economy and its impact on the financial potential of a country. We have discovered that the shadow economy is an objective phenomenon which is inherent in the economic systems of all countries, and that its level is determined by the level of development of the economic system, the difficulty of identifying all possible variants of the shading processes, and the moral and cultural characteristics of the country. It has been established that the shadow economy plays a major role in developing countries and that the level of the shadow economy in advanced economies is significantly lower. Thus, due to the results of the correlation-regression analysis, an inverse relationship between the level of GDP and the shadow economy was established. A system of measures aimed at preventing and combating corruption is proposed. |
| format | Article |
| id | doaj-art-cb8809310709419691d3fd77687586a0 |
| institution | Kabale University |
| issn | 2081-3430 2544-0640 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | Wydawnictwo SGGW - Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Polityki Europejskie, Finanse i Marketing |
| spelling | doaj-art-cb8809310709419691d3fd77687586a02025-02-02T07:59:29ZengWydawnictwo SGGW - Warsaw University of Life Sciences PressPolityki Europejskie, Finanse i Marketing2081-34302544-06402020-12-0124(73)10.22630/PEFIM.2020.24.73.254955THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIALNadiia Davydenko0Ivan Olifer1Natalia Wasilewska2Mirosław Wasilewski3National University of Life and Environmental Sciences of UkraineNational University of Life and Environmental Sciences of UkraineJan Kochanowski University in KielceWarsaw University of Life Sciences – SGGWThe aim of the article is to reveal the essence of the shadow economy and its impact on the financial potential of a country. We have discovered that the shadow economy is an objective phenomenon which is inherent in the economic systems of all countries, and that its level is determined by the level of development of the economic system, the difficulty of identifying all possible variants of the shading processes, and the moral and cultural characteristics of the country. It has been established that the shadow economy plays a major role in developing countries and that the level of the shadow economy in advanced economies is significantly lower. Thus, due to the results of the correlation-regression analysis, an inverse relationship between the level of GDP and the shadow economy was established. A system of measures aimed at preventing and combating corruption is proposed.https://pefim.sggw.pl/article/view/4955shadow economyfinancial potentialdeveloping countriesadvanced economiescorruption. |
| spellingShingle | Nadiia Davydenko Ivan Olifer Natalia Wasilewska Mirosław Wasilewski THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL Polityki Europejskie, Finanse i Marketing shadow economy financial potential developing countries advanced economies corruption. |
| title | THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL |
| title_full | THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL |
| title_fullStr | THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL |
| title_full_unstemmed | THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL |
| title_short | THE SHADOW ECONOMY AND ITS IMPACT ON A COUNTRY’S FINANCIAL POTENTIAL |
| title_sort | shadow economy and its impact on a country s financial potential |
| topic | shadow economy financial potential developing countries advanced economies corruption. |
| url | https://pefim.sggw.pl/article/view/4955 |
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