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    Manager Journal
    Home»2017»How To Manage Underground Economy- Related Issues
    2017

    How To Manage Underground Economy- Related Issues

    Oana Simona HudeaBy Oana Simona HudeaApril 16, 2021Updated:October 15, 2021No Comments1 Min Read

     Pages: 99-109

    Introduction. Given that the underground economy, as a whole, can stand for and/or deepen the budgetary deficit of any country, by diminishing the level of revenues to the state budget, leading, as a consequence, to restrictions as to the public spending volume, thereby adversely influencing the living standard of its population, the focus of the study is related to laying, to a reasonable extent, the general framework, for limiting, via well-grounded macroeconomic fiscal policies and other related, targeted measures, the negative effects of the same.

    Aim of the study. The aim of the paper is to reveal the main causes and consequences of the underground economy, seen as a mix between the shadow economy, reflecting the officially unreported monetary transactions, and the black economy, consisting in the criminal monetary transactions associated with the latter.

    Keywords: underground economy, shadow economy, black economy, budgetary deficit, macroeconomic policies

     

    JEL Classification: E26, E61, H62

    Full text sources
    black economy budgetary deficit macroeconomic policies shadow economy underground economy
    Oana Simona Hudea

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