Theoretical and Applied Economics
No. 7 / 2012 (572)
Economics and “underground” economy theory
Bucharest Academy of Economic Studies
Abstract. Following examination of the theory underlying "underground" economy study I concluded that a good knowledge of the economic thought history is a must for any paper of economic analysis. Subject is sufficiently dramatic by its nature; so I consider it is necessary to bring the scientific perspective. In addition, "underground" economy is an unavoidable ingredient of any economy, the most profitable component of the economy being the "underground" one. Lack of consideration for this component can lead to severe shortfalls of economic analysis leading to the adoption of unrealistic strategies. I support since the beginning of this paper that not the quantitative side will be essentially concerned but epistemic logic. In this paper I propose to elaborate a theory that will mark the right of “underground" economy to exist as a sub-branch of economics. The main argument supporting the need for such an analysis consists of time evidence that shows that "underground" economy is a source of development, subsistence and even escape from the periphery zone for some underdeveloped economies.
Contents
Estimating the probability of stock market crashes for Bucharest Stock Exchange using stable distributions
Analysis of the Romanian employment rate. A panel data approach
Consumer characteristics influencing milk consumption preference. The Turkey case
A regional analysis of the effects generated by the economic crisis and its impact on the outstanding loan portfolio in Romania
The amortization of fixed assets in terms of deferred taxes
Impact of the economic crisis on human resources development in Greek health system
Economics and “underground” economy theory
Entrepreneurial behaviour consequences on small and medium-sized firms’ innovation
The role of tender offer in FDI selection. Study case: Romania
Characteristics and drivers of venture capital investment activity in Romania
Globalization – tourism – communication, competitiveness triangle on the market affected by the economic crisis
New approaches to business cycle theory in current economic science