Evaluation of shadow economy emergence and development factors in service sector: Greek case

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Abstract

Despite the steady growth in the number of the studies on shadow economy, relatively little research has been done to identify the factors that cause emergence and development of shadow economy in particular countries. This article is aimed at evaluation of shadow economy emergence and development factors in Greek service sector. The methods of the research include logic, systematic analysis of scientific literature and the method of expert evaluation. The research has enabled to identify the factors contributing to the emergency and development of shadow economy in such factor groups as marketrelated, economic-financial, public administration, social and individual factors. Neither of legal factors was marked by the statistically significant number of the respondents, and weak resource base of the country, attributed to the group of resourcesrelated factors, was not marked by any respondent, which shows that its impact on the emergency and development of shadow economy was not recognized. From all analysed factor groups, economic – financial factors were recognized as the ones that have the greatest impact on the emergency and development of shadow economy in Greece service sector.
Original languageEnglish
Pages (from-to)438-444
JournalMediterranean Journal of Social Sciences
Volume5
Issue number13
DOIs
Publication statusPublished - 2014

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Keywords

  • Shadow economy
  • Factors of shadow economy
  • Informal activities

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