SIGNAL PARAMETERS OF SHADOW ECONOMY IN BULGARIA Cover Image

СИГНАЛНИ ПАРАМЕТРИ НА СКРИТАТА ИКОНОМИКА В БЪЛГАРИЯ
SIGNAL PARAMETERS OF SHADOW ECONOMY IN BULGARIA

Author(s): Teodora Dimitrova
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: shadow economy;financial policy of the state;global financial and economic crisis

Summary/Abstract: The global financial and economic crisis at the beginning of this century resulted in certain cataclysms with destructive effects on the government's financial policy. Increasing government budget deficits, strikingly inadequate social status and deterioration of the basic macroeconomic indicators measuring the „pulse” of the national and world economy once again brought forward the issue of the scale of shadow economy. The presence of shadow economy is an indicator for the lack of trust in government's financial policy and the inefficiency of the national economic policy. At the same time shadow economy practices affect negatively the economic growth, efficiency of labour, competitiveness and the economic and financial policy of the state. In this context, the main goal of the study is to analyze the extent of the shadow economy and the issues related thereto as well as to examine its actual manifestations in Bulgaria and propose measures to mitigate it.

  • Issue Year: 18/2012
  • Issue No: 18
  • Page Range: 24-37
  • Page Count: 13
  • Language: Bulgarian