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Formalizing the Shadow Economy in Serbia

Formalizing the Shadow Economy in Serbia
Author: Gorana Krstić
Publisher: Springer
Total Pages: 182
Release: 2015-04-21
Genre: Political Science
ISBN: 331913437X

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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.


Formalizing the Shadow Economy in Serbia

Formalizing the Shadow Economy in Serbia
Author: Gorana Krstić
Publisher: Springer
Total Pages: 179
Release: 2015-04-25
Genre: Political Science
ISBN: 9783319134383

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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.


Republic of Serbia

Republic of Serbia
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 84
Release: 2018-07-24
Genre: Business & Economics
ISBN: 148437049X

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Serbia succeeded in addressing macroeconomic imbalances and restoring confidence and growth under the precautionary SBA which expired in February 2018. Fiscal sustainability has been restored by placing public debt on a firm downward path and the external position has been realigned with fundamentals. Monetary policy has kept inflation under firm control, while supporting economic recovery. The resilience of the financial sector has improved. Progress has also been made on structural and institutional reforms, including in rationalizing the size of public sector employment, addressing fiscal risks from SOEs, and improving the business environment. However, challenges remain for achieving robust, inclusive, and sustainable growth, which Serbia needs for faster income convergence with its EU peers. The authorities requested a 30-month Policy Coordination Instrument (PCI) to provide a framework for continued macroeconomic stability and reforms, and maintain close policy dialogue with staff.


Routledge Handbook of the Informal Economy

Routledge Handbook of the Informal Economy
Author: Ceyhun Elgin
Publisher: Taylor & Francis
Total Pages: 458
Release: 2024-08-30
Genre: Business & Economics
ISBN: 1040096808

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Delve into the complex landscape of the informal economy with the Routledge Handbook of the Informal Economy, a groundbreaking volume that transcends conventional economic analysis by contextualizing it within a broader regulatory and social framework. This comprehensive handbook offers cutting-edge categorical, thematic, and regional analyses of the informal, or shadow, economy. An esteemed international ensemble of contributors draws on diverse economic perspectives, exploring a spectrum of definitions and measures, including household, firm-level, and employment-based metrics, alongside perceptional and model-based estimates. Employing a variety of econometric and methodological approaches, the volume provides both regional and global estimates of the informal economy's extent. Beyond conventional boundaries, it unveils various facets of informality, from child labor, tax evasion, and self-employment to precarious and undeclared work. In-depth examinations of the determinants and consequences of informality enhance the volume's robust analysis. As a forward-looking compendium, the handbook also offers insights into the future trajectory of the informal economy as we journey further into the 21st century. This definitive and up-to-date reference work is indispensable for readers in labor economics, development economics, political economy, policy studies, and sociology, offering a nuanced understanding of the multifaceted dimensions and dynamics of the informal economy.


Unemployment and the Informal Economy

Unemployment and the Informal Economy
Author: Ligita Gasparėnienė
Publisher: Springer Nature
Total Pages: 115
Release: 2022-05-06
Genre: Business & Economics
ISBN: 3030966879

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This Brief examines the dynamics between the informal economy and unemployment rates, the causes of informality, its consequences and potential reduction measures at both the theoretical and empirical level. Using Lithuania as a case study, this book tests the assumption that participation in the informal economy is largely by the unemployed in emerging economies. Chapters present a systematic and comparative literature analysis, a quantitative survey of participation in the Lithuanian informal economy, especially among the unemployed, an expert evaluation involving representatives of municipalities in charge of the issues of employment, and a statistical analysis of the results. Challenging traditional narratives around the informal economy, this Brief is targeted at academic and postgraduate researchers studying labor economics, public economics, human resource management, industrial relations, and economic sociology.


The Informal Economy

The Informal Economy
Author: Ioana Horodnic
Publisher: Routledge
Total Pages: 268
Release: 2017-09-22
Genre: Business & Economics
ISBN: 1351655329

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During much of the twentieth century, informal employment and entrepreneurship was commonly depicted as a residue from a previous era. Its continuing presence was seen to be a sign of "backwardness" whilst the formal economy represented "progress". In recent decades, however, numerous studies have revealed not only that informal employment is extensive and persistent but also that it is growing relative to formal employment in many populations. Whilst in the developing world, the informal economy is often found to be the mainstream economy, nevertheless, in the developed world too, informality is currently still estimated to account for notable per cent of GDP. The Informal Economy: Exploring Drivers and Practices intends to engage with these issues, providing a much-need ‘contextualised’ approach to explain the persistence and growth of forms of informal economic practices and entrepreneurial activities in the twenty-first century. Using a diverse range of empirical case studies from Europe, Africa, North Africa and Asia, this book unpacks the different varieties of forms of informal work and entrepreneurship and provides a critical analysis of existing theorisations used to explain such phenomena. This book’s aim is to examine the nature and persistence of informal work and entrepreneurship, across a variety of empirical settings, from within the developed world, the developing world and within transformation economies within post-socialist spaces. Given its worldwide, interdisciplinary and multidisciplinary approach and recent interest in the informal economies by a number of disciplines and organisations, this book will be of vital reading to those operating in the fields of: Economics, political economy and management, Human and economic geography and Economic anthropology and sociology as well as development studies


The Informal Economy

The Informal Economy
Author: Ceyhun Elgin
Publisher: Routledge
Total Pages: 188
Release: 2020-07-30
Genre: Business & Economics
ISBN: 1000163806

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The Informal Economy: Measures, Causes, and Consequences provides a comprehensive account of the economics of informality through the lenses of various economic perspectives. Although informal economic activity is widespread all around the world, many issues around its nature and consequences remain largely under-explored or unresolved. Most importantly, the evidence presented in the existing literature on informality has failed to generate a consensus on the measurements, causes, and effects of the informal sector among researchers. Most, if not all, of the empirical results are inconclusive or dependent on the nature of the dataset used in the analysis. This book aims to address that gap by exploring different definitions and measures of the informal economy, including different perspectives, then subjecting these measures to a battery of empirical tests to examine the determinants and effects of informality. Through this analysis and an extensive review of the literature, the book explores many of the economic, political, and social factors of the informal economy including the relationship between informality and the tax burden, tax enforcement, and institutional quality. This key text makes for compulsive reading to scholars and students interested in the informal or shadow economy.


The Long Shadow of Informality

The Long Shadow of Informality
Author: Franziska Ohnsorge
Publisher: World Bank Publications
Total Pages: 397
Release: 2022-02-09
Genre: Business & Economics
ISBN: 1464817545

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A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.


Anti-Crisis Approach to the Provision of the Environmental Sustainability of Economy

Anti-Crisis Approach to the Provision of the Environmental Sustainability of Economy
Author: Elena G. Popkova
Publisher: Springer Nature
Total Pages: 379
Release: 2023-06-12
Genre: Business & Economics
ISBN: 9819921988

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This book focuses on the notion of the environmental sustainability of the economy. The Sustainable Development Goals, formulated by the UN, led to the formation of a concept of the environmental sustainability of the economy. This concept implies the harmony of economy and environment, achieved due to the support for the SDGs in the economy. This book is original due to its reconsidering the environmental sustainability of the economy from the position of crises. The theoretical significance of the book consists in the development of an anti-crisis approach to the provision of the environmental sustainability of the economy: responsible nature use based on digital markets and smart governance. The proprietary approach allows for the comprehensive description of the potential of the leading technologies—artificial intelligence (AI), robots, the Internet of Things (IoT), and blockchain—to support—during their use in smart governance—crisis management of the environmental sustainability of economy. The book’s practical significance is due to the description and detailed discussion of the modern international experience of responsible nature use given the specifics of developed and developing countries. The anti-crisis approach to the provision of the environmental sustainability of the economy is based on digital markets: FinTech, EdTech, GovTech, AgroTech, and EnergyTech, the practice of which is described in the book with the help of multiple examples from the international experience and case studies. The book is aimed at scholars who study environmental economics. In this book, they find an innovative view of the environmental sustainability of the economy in its close connection with economic crises.


Economic and Policy Foundations for Growth in South East Europe

Economic and Policy Foundations for Growth in South East Europe
Author: A. Bennett
Publisher: Springer
Total Pages: 221
Release: 2015-10-29
Genre: Political Science
ISBN: 1137488344

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This volume argues that a renewed commitment to sound macroeconomic policies and structural reforms is needed for countries in South East Europe, or 'the Balkans' achieve to sustainable prosperity, along with enhanced support from the international community. New fiscal and financial architecture has valuable lessons for policymakers in SEE.