SHADOW ECONOMY, ECONOMIC DEVELOPMENT, AND ENTREPRENEURSHIP
Keywords:
Shadow Economy, Economic Development, EntrepreneurshipAbstract
The purpose of this article is to determine the effect of the shadow economy
on the country's economy. To answer the research objectives, a literature review
method was used from various research results related to the shadow economy.
Shadow economy has a different impact in different countries, there is a difference
in the percentage of the number of shadow economies between developed and
developing countries. In developed countries, the percentage of the shadow
economy is smaller than in developing countries. The formulation of policies to
formalize the shadow economy is carefully prepared because the shadow economy
on the other hand also increases the absorption of production from the formal
sector.
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References
Almenar, V., Sánchez, J. L., & Sapena, J. (2020). Measuring the shadow
economy and its drivers: the case of peripheral EMU countries. Economic
Research-Ekonomska Istrazivanja , 33(1), 2904–2918.
https://doi.org/10.1080/1331677X.2019.1706601
Alter, C. (2012). The Informal Economy: Definitions, Theories, and Policies. In
Journal of Entomological Science (No. 1; Issue 1).
https://doi.org/10.18474/0749-8004-32.1.72
Badulescu, A., & Caus, V. A. (2011). The underground economy: What is the
influence of the discount factor? African Journal of Business Management,
5(16), 7050–7054. https://doi.org/10.5897/AJBM11.1192
Bilan, Y., Vasylieva, T., Lyeonov, S., & Tiutiunyk, I. (2019). Shadow economy
and its impact on demand in the investment market of the country.
Entrepreneurial Business and Economics Review, 7(2), 27–43.
https://doi.org/10.15678/EBER.2019.070202
Din, B. H., Habibullah, M. S., & Hamid, B. A. (2019). Re-estimation and
modeling shadow economy in Malaysia: Does financial development
mitigate shadow economy? International Journal of Business and Society,
20(3), 1062–1075.
Erdinç, Z. (2016). The Reasons of Underground Economy, its Results, Methods,
and the Turkish Case. 11th International Conference of ASECU, 3(1),
210–220.
Futselaar, R., & Ying-Hui, H. (2021). The Shadow Economy. Lard, Lice and
Longevity, 158–191. https://doi.org/10.1017/9789048521050.009
Ghose, A. K. (2017). Informality and Development. Indian Journal of Labour
Economics, 60(1), 1–16. https://doi.org/10.1007/s41027-017-0080-5
Hassan, M. (2017). The impact of the shadow economy on aid and economic
development nexus in Egypt. Munich Personal RePEc Archive., 80990.
Hoinaru, R., Buda, D., Borlea, S. N., Văidean, V. L., & Achim, M. V. (2020).
The impact of corruption and shadow economy on the economic and
sustainable development. Do they “sand the wheels” or “grease the
wheels”? Sustainability (Switzerland), 12(2).
https://doi.org/10.3390/su12020481
J, H. S. H. B. M. S. R. H. y S., & Wedge, F. M. (2000). THE DYNAMICS OF
INFORMAL EMPLOYMENT. Encyclopedia of Volcanoes., 3(664), 662.
Markina, I. A., Sharkova, A. V., & Barna, M. Y. (2018). Entrepreneurship in the
shadow economy: The case study of Russia and Ukraine. International
Journal of Entrepreneurship, 22(3).
Saputra, A. H., & Nugroho, R. (n.d.). FAKTOR - FAKTOR YANG
MENENTUKAN BESARAN SHADOW ECONOMY PADA BRICS
COUNTRIES DAN INDONESIA. 29–38.
economy and its drivers: the case of peripheral EMU countries. Economic
Research-Ekonomska Istrazivanja , 33(1), 2904–2918.
https://doi.org/10.1080/1331677X.2019.1706601
Alter, C. (2012). The Informal Economy: Definitions, Theories, and Policies. In
Journal of Entomological Science (No. 1; Issue 1).
https://doi.org/10.18474/0749-8004-32.1.72
Badulescu, A., & Caus, V. A. (2011). The underground economy: What is the
influence of the discount factor? African Journal of Business Management,
5(16), 7050–7054. https://doi.org/10.5897/AJBM11.1192
Bilan, Y., Vasylieva, T., Lyeonov, S., & Tiutiunyk, I. (2019). Shadow economy
and its impact on demand in the investment market of the country.
Entrepreneurial Business and Economics Review, 7(2), 27–43.
https://doi.org/10.15678/EBER.2019.070202
Din, B. H., Habibullah, M. S., & Hamid, B. A. (2019). Re-estimation and
modeling shadow economy in Malaysia: Does financial development
mitigate shadow economy? International Journal of Business and Society,
20(3), 1062–1075.
Erdinç, Z. (2016). The Reasons of Underground Economy, its Results, Methods,
and the Turkish Case. 11th International Conference of ASECU, 3(1),
210–220.
Futselaar, R., & Ying-Hui, H. (2021). The Shadow Economy. Lard, Lice and
Longevity, 158–191. https://doi.org/10.1017/9789048521050.009
Ghose, A. K. (2017). Informality and Development. Indian Journal of Labour
Economics, 60(1), 1–16. https://doi.org/10.1007/s41027-017-0080-5
Hassan, M. (2017). The impact of the shadow economy on aid and economic
development nexus in Egypt. Munich Personal RePEc Archive., 80990.
Hoinaru, R., Buda, D., Borlea, S. N., Văidean, V. L., & Achim, M. V. (2020).
The impact of corruption and shadow economy on the economic and
sustainable development. Do they “sand the wheels” or “grease the
wheels”? Sustainability (Switzerland), 12(2).
https://doi.org/10.3390/su12020481
J, H. S. H. B. M. S. R. H. y S., & Wedge, F. M. (2000). THE DYNAMICS OF
INFORMAL EMPLOYMENT. Encyclopedia of Volcanoes., 3(664), 662.
Markina, I. A., Sharkova, A. V., & Barna, M. Y. (2018). Entrepreneurship in the
shadow economy: The case study of Russia and Ukraine. International
Journal of Entrepreneurship, 22(3).
Saputra, A. H., & Nugroho, R. (n.d.). FAKTOR - FAKTOR YANG
MENENTUKAN BESARAN SHADOW ECONOMY PADA BRICS
COUNTRIES DAN INDONESIA. 29–38.
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Published
2021-11-12
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Articles
How to Cite
SHADOW ECONOMY, ECONOMIC DEVELOPMENT, AND ENTREPRENEURSHIP. (2021). INTERNATIONAL SEMINAR, 3, 73-85. https://conference.unita.ac.id/index.php/conference/article/view/62
