Shadow Economic Activities: Assessment and Minimization Problems

In the modern context, when official national economies face permanent problems and are not always able to ensure desired living standards for population, the fight against shadow economic activities become crucial for all countries. It cannot be won without the development of a nuanced methodology...

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Main Authors: Daniyar Baizakov, Anuarbek Kari
Format: Article
Language:English
Published: EconJournals 2016-10-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/3066
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author Daniyar Baizakov
Anuarbek Kari
author_facet Daniyar Baizakov
Anuarbek Kari
author_sort Daniyar Baizakov
collection DOAJ
description In the modern context, when official national economies face permanent problems and are not always able to ensure desired living standards for population, the fight against shadow economic activities become crucial for all countries. It cannot be won without the development of a nuanced methodology for its assessment. We proposed a new methodology based on the study of different research approaches and methods regarding the assessment of shadow processes causing damage to the national budget. It might be valuable for fiscal state bodies, as well as for all law enforcement authorities, fighting against “shadow merchants.” The conclusion includes recommendations on statistical calculations of damage to the country's budget and combating shadow economic processes. The final conclusion presents a need to improve the tax legislation and integrate these statistics agencies with the information of line ministries and institutions. The findings and recommendations have universal relevance for developed and developing countries. Keywords: the shadow economy, the informal economy, the criminal economy, the national accounts system. JEL Classifications: H26, О17
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spelling doaj.art-2e563d0cedb34d5f8e9bb50d25db4bdb2023-02-15T16:09:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-10-0164Shadow Economic Activities: Assessment and Minimization ProblemsDaniyar BaizakovAnuarbek Kari In the modern context, when official national economies face permanent problems and are not always able to ensure desired living standards for population, the fight against shadow economic activities become crucial for all countries. It cannot be won without the development of a nuanced methodology for its assessment. We proposed a new methodology based on the study of different research approaches and methods regarding the assessment of shadow processes causing damage to the national budget. It might be valuable for fiscal state bodies, as well as for all law enforcement authorities, fighting against “shadow merchants.” The conclusion includes recommendations on statistical calculations of damage to the country's budget and combating shadow economic processes. The final conclusion presents a need to improve the tax legislation and integrate these statistics agencies with the information of line ministries and institutions. The findings and recommendations have universal relevance for developed and developing countries. Keywords: the shadow economy, the informal economy, the criminal economy, the national accounts system. JEL Classifications: H26, О17 https://www.econjournals.com/index.php/ijefi/article/view/3066
spellingShingle Daniyar Baizakov
Anuarbek Kari
Shadow Economic Activities: Assessment and Minimization Problems
International Journal of Economics and Financial Issues
title Shadow Economic Activities: Assessment and Minimization Problems
title_full Shadow Economic Activities: Assessment and Minimization Problems
title_fullStr Shadow Economic Activities: Assessment and Minimization Problems
title_full_unstemmed Shadow Economic Activities: Assessment and Minimization Problems
title_short Shadow Economic Activities: Assessment and Minimization Problems
title_sort shadow economic activities assessment and minimization problems
url https://www.econjournals.com/index.php/ijefi/article/view/3066
work_keys_str_mv AT daniyarbaizakov shadoweconomicactivitiesassessmentandminimizationproblems
AT anuarbekkari shadoweconomicactivitiesassessmentandminimizationproblems