IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2023i3p130-147.html
   My bibliography  Save this article

Shadow Economy vs Economic Security: Trends, Challenges, Prospects

Author

Listed:
  • Maria Blikhar
  • Valerii Syrovatskyi
  • Ulyana Bek
  • Maria Vinichuk
  • Lesia Kucher
  • Maryana Kashchuk

Abstract

The purpose of the article is to highlight the results of the study of counteracting the shadow economy in the system of ensuring the economic security of the agricultural sector and its impact on the poverty level of the population. The relationship between the shadowing of the economy and the growth of the poverty level in Ukraine is substantiated, which is confirmed by the results of cluster and regression analysis. A study of the dynamics of the integral indicator of the level of the shadow economy and changes in the volume of real GDP in Ukraine is conducted and the volume of official GDP created by shadow wages is estimated. Predictive assessments of the level of the shadow economy and poverty in the coming years have been made, and growth trends have been established. It has been found that the growth of the level of the shadow economy has a significant impact on the population poverty indicator. The regional features of the spread of the shadow economy and population poverty are analyzed, as a result of which it has been proved that a higher standard of living of the population and a lower level of poverty are observed in the border and industrially developed regions.

Suggested Citation

  • Maria Blikhar & Valerii Syrovatskyi & Ulyana Bek & Maria Vinichuk & Lesia Kucher & Maryana Kashchuk, 2023. "Shadow Economy vs Economic Security: Trends, Challenges, Prospects," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 130-147.
    • Handle: RePEc:bas:econst:y:2023:i:3:p:130-147
    as

    Download full text from publisher

    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2023/2023-3/07_Lesia-Kucher.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gründler, Klaus & Potrafke, Niklas, 2019. "Corruption and economic growth: New empirical evidence," European Journal of Political Economy, Elsevier, vol. 60(C).
    2. Vasylishyn, Stanislav & Ulyanchenko, Oleksandr & Bochulia, Tetiana & Herasymenko, Yuliia & Gorokh, Oleksandr, 2021. "Improvement of analytical support of economic security management of the agricultural enterprises," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(3), September.
    3. Abel Polese & Gian Marco Moisé & Olha Lysa & Tanel Kerikmäe & Arnis Sauka & Oleksandra Seliverstova, 2022. "Presenting the results of the shadow economy survey in Ukraine while reflecting on the future(s) of informality studies," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 30(1), pages 101-123, January.
    4. Karolina Pawlak & Małgorzata Kołodziejczak, 2020. "The Role of Agriculture in Ensuring Food Security in Developing Countries: Considerations in the Context of the Problem of Sustainable Food Production," Sustainability, MDPI, vol. 12(13), pages 1-20, July.
    5. Mukoviz, Vasil & Leshchii, Lesya & Khodakivska, Olga & Prokopova, Olena & Kuzub, Mykhailo, 2022. "Accounting for transactions costs of agricultural producers in the shadow economy," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(2), June.
    6. Sarsen Zhanabekov, 2022. "Robust determinants of the shadow economy," Bulletin of Economic Research, Wiley Blackwell, vol. 74(4), pages 1017-1052, October.
    7. Stephen Esaku & Francesco Tajani, 2021. "Does corruption contribute to the rise of the shadow economy? Empirical evidence from Uganda," Cogent Economics & Finance, Taylor & Francis Journals, vol. 9(1), pages 1932246-193, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Colin C. Williams, 2023. "A Modern Guide to the Informal Economy," Books, Edward Elgar Publishing, number 18668.
    2. Gatti, Donatella, 2022. "Going green and (un)equal ? Political coalitions, redistribution, and the environment," Economic Modelling, Elsevier, vol. 116(C).
    3. Hanna Dudek & Joanna Myszkowska-Ryciak & Agnieszka Wojewódzka-Wiewiórska, 2021. "Profiles of Food Insecurity: Similarities and Differences across Selected CEE Countries," Energies, MDPI, vol. 14(16), pages 1-19, August.
    4. Susmita Das Riya, 2021. "Impact of industry on agricultural development in Sylhet region of Bangladesh: Farmer’s perception," International Journal of Agricultural Research, Innovation and Technology (IJARIT), IJARIT Research Foundation, vol. 11(2), December.
    5. Harouna Sedgo & Luc Désiré Omgba, 2023. "Corruption and distortion of public expenditures: evidence from Africa," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(2), pages 419-452, April.
    6. Achuo, Elvis & Nchofoung, Tii & Asongu, Simplice & Dinga, Gildas, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," MPRA Paper 111556, University Library of Munich, Germany.
    7. Muhammad Mumtaz Khan & Muhammad Tahir Akram & Rhonda Janke & Rashad Waseem Khan Qadri & Abdullah Mohammed Al-Sadi & Aitazaz A. Farooque, 2020. "Urban Horticulture for Food Secure Cities through and beyond COVID-19," Sustainability, MDPI, vol. 12(22), pages 1-21, November.
    8. Jiang, Shuguang & Wei, Qian & Zhao, Lei, 2024. "Synergizing anti-corruption strategies: Group monitoring and endogenous crackdown – An experimental investigation," China Economic Review, Elsevier, vol. 85(C).
    9. Barra, Cristian & Papaccio, Anna & Ruggiero, Nazzareno, 2024. "The interaction between corruption, bank cost efficiency and economic development in Italy," Economic Systems, Elsevier, vol. 48(3).
    10. Nour Mohamad Fayad, 2024. "The Causality Between Corruption and Economic Growth in MENA Countries: A Dynamic Panel-Data Analysis," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 14(1), pages 28-49.
    11. CAZACU Mihai & TROANCA Dumitru & MARGARITA Ilinca Andrada, 2024. "Corruption And Organized Crime, Fdi Andcountries Performance In The Business Sector: A Research Review," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 76(2), pages 7-21, June.
    12. Emanuel Wittberg & Gissur Ó. Erlingsson & Karl Wennberg, 2024. "Does local government corruption inhibit entrepreneurship?," Small Business Economics, Springer, vol. 62(2), pages 775-806, February.
    13. Jhorland Ayala-García & Jaime Bonet-Morón & Gerson Javier Pérez-Valbuena & Eduardo José Heilbron-Fernández & Jéssica Dayana Suret-Leguizamón, 2022. "La corrupción en Colombia: un análisis integral," Documentos de Trabajo Sobre Economía Regional y Urbana 20080, Banco de la República, Economía Regional.
    14. Kouramoudou Kéïta & Hannu Laurila, 2021. "Corruption and Tax Burden: What Is the Joint Effect on Total Factor Productivity?," Economies, MDPI, vol. 9(1), pages 1-16, March.
    15. Dejen Ketema Mamo & Enat Agachew Ayele & Shewafera Wondimagegnhu Teklu, 2024. "Modelling and Analysis of the Impact of Corruption on Economic Growth and Unemployment," SN Operations Research Forum, Springer, vol. 5(2), pages 1-24, June.
    16. Adomako, Samuel & Amankwah-Amoah, Joseph & Tarba, Shlomo Y. & Khan, Zaheer, 2021. "Perceived corruption, business process digitization, and SMEs’ degree of internationalization in sub-Saharan Africa," Journal of Business Research, Elsevier, vol. 123(C), pages 196-207.
    17. Le, Anh-Tuan & Doan, Anh-Tuan, 2020. "Corruption and financial fragility of small and medium enterprises: International evidence," Journal of Multinational Financial Management, Elsevier, vol. 57.
    18. Elżbieta Goryńska-Goldmann & Michał Gazdecki & Krystyna Rejman & Joanna Kobus-Cisowska & Sylwia Łaba & Robert Łaba, 2020. "How to Prevent Bread Losses in the Baking and Confectionery Industry?—Measurement, Causes, Management and Prevention," Agriculture, MDPI, vol. 11(1), pages 1-24, December.
    19. Klaus Gründler & Niklas Potrafke & Timo Wochner, 2019. "Korruption und Wirtschaftswachstum," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(18), pages 27-33, September.
    20. Sunil Kanwar, 2022. "Innovation and Government Bureaucracy," Working papers 328, Centre for Development Economics, Delhi School of Economics.

    More about this item

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2023:i:3:p:130-147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.