The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City

The article is aimed at presenting the guidelines for methodological principles helping to assess the impact of the «gray» shadow economy on the socio-economic security of a city. Such methodological principles are relevant due to the growing role of cities in the socio-economic development of Ukrai...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Romanovska Yuliia A.
Formato:	article
Lenguaje:	EN RU UK
Publicado:	PH "INZHEK" 2021
Materias:	city social and economic security «gray» shadow economy influence budget losses methodological principles algorithm Finance HG1-9999 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/c9478574b8224ecdafce467cd5b6c717
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:c9478574b8224ecdafce467cd5b6c717
record_format	dspace
spelling	oai:doaj.org-article:c9478574b8224ecdafce467cd5b6c7172021-11-05T07:15:46ZThe Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City10.32983/2222-0712-2021-3-100-1092222-07122311-1186https://doaj.org/article/c9478574b8224ecdafce467cd5b6c7172021-09-01T00:00:00Zhttps://www.problecon.com/export_pdf/problems-of-economy-2021-3_0-pages-100_109.pdfhttps://doaj.org/toc/2222-0712https://doaj.org/toc/2311-1186The article is aimed at presenting the guidelines for methodological principles helping to assess the impact of the «gray» shadow economy on the socio-economic security of a city. Such methodological principles are relevant due to the growing role of cities in the socio-economic development of Ukraine and the lack of methodological guidelines for assessing the impact of the «gray» shadow economy on the socio-economic security of a city. The existing official Guidelines for assessing the shadow economy level are aimed at obtaining estimates of the «gray» shadow economy at the macro-level, while the recommendations suggested by the Organization for Economic Cooperation and Development (OECD) to measure the unobserved economy remain mostly unapplied in Ukraine. The article presents methodological principles for assessing the impact of the «gray» shadow economy on the city budget, which combine interdependent concepts, principles and categories of assessment, whose operationalization as a developed algorithm has made it possible to create an operational assessment environment. The methodological principles for assessing the impact of the unobserved economy on the city budget are based on the principles provided and, due to the peculiarities of the object of assessment, require a number of assumptions to be made. The calculation of the amount of non-receipts in the budgets of several Ukrainian cities made according to the developed assessment algorithm shows that the budgets of the cities in question failed to receive significant sums during the selected period due to concealing business income, number of employees, and payment of wages "in envelopes". Of course, it is advisable to admit some conditionality of the amount of budget losses in the cities analyzed due to the «gray» shadow economy; still, even if we halve their size, the loss will remain significant. However, the negative impact of the shadow economy on a city is not limited to the lack of a significant amount of funds by the city budget. It is also necessary to take into account remote threats to the socio-economic system of the city due to the presence of the shadow economy, e.g.: deliberate limitation of the potential of the city's economic development and distortion of economic competition.Romanovska Yuliia A.PH "INZHEK"articlecitysocial and economic security«gray» shadow economyinfluencebudgetlossesmethodological principlesalgorithmFinanceHG1-9999Economics as a scienceHB71-74ENRUUKProblemi Ekonomiki, Vol 3, Iss 49, Pp 100-109 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU UK
topic	city social and economic security «gray» shadow economy influence budget losses methodological principles algorithm Finance HG1-9999 Economics as a science HB71-74
spellingShingle	city social and economic security «gray» shadow economy influence budget losses methodological principles algorithm Finance HG1-9999 Economics as a science HB71-74 Romanovska Yuliia A. The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
description	The article is aimed at presenting the guidelines for methodological principles helping to assess the impact of the «gray» shadow economy on the socio-economic security of a city. Such methodological principles are relevant due to the growing role of cities in the socio-economic development of Ukraine and the lack of methodological guidelines for assessing the impact of the «gray» shadow economy on the socio-economic security of a city. The existing official Guidelines for assessing the shadow economy level are aimed at obtaining estimates of the «gray» shadow economy at the macro-level, while the recommendations suggested by the Organization for Economic Cooperation and Development (OECD) to measure the unobserved economy remain mostly unapplied in Ukraine. The article presents methodological principles for assessing the impact of the «gray» shadow economy on the city budget, which combine interdependent concepts, principles and categories of assessment, whose operationalization as a developed algorithm has made it possible to create an operational assessment environment. The methodological principles for assessing the impact of the unobserved economy on the city budget are based on the principles provided and, due to the peculiarities of the object of assessment, require a number of assumptions to be made. The calculation of the amount of non-receipts in the budgets of several Ukrainian cities made according to the developed assessment algorithm shows that the budgets of the cities in question failed to receive significant sums during the selected period due to concealing business income, number of employees, and payment of wages "in envelopes". Of course, it is advisable to admit some conditionality of the amount of budget losses in the cities analyzed due to the «gray» shadow economy; still, even if we halve their size, the loss will remain significant. However, the negative impact of the shadow economy on a city is not limited to the lack of a significant amount of funds by the city budget. It is also necessary to take into account remote threats to the socio-economic system of the city due to the presence of the shadow economy, e.g.: deliberate limitation of the potential of the city's economic development and distortion of economic competition.
format	article
author	Romanovska Yuliia A.
author_facet	Romanovska Yuliia A.
author_sort	Romanovska Yuliia A.
title	The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
title_short	The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
title_full	The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
title_fullStr	The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
title_full_unstemmed	The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City
title_sort	impact of the «gray» shadow economy on the socio-economic security of a city
publisher	PH "INZHEK"
publishDate	2021
url	https://doaj.org/article/c9478574b8224ecdafce467cd5b6c717
work_keys_str_mv	AT romanovskayuliiaa theimpactofthegrayshadoweconomyonthesocioeconomicsecurityofacity AT romanovskayuliiaa impactofthegrayshadoweconomyonthesocioeconomicsecurityofacity
_version_	1718444497570889728

The Impact of the «Gray» Shadow Economy on the Socio-economic Security of a City

Ejemplares similares