Assessing Ukraine's Shadow Economy: Methods and Key Drivers

Abstract

This study comprehensively assesses Ukraine's shadow economy, focusing on evaluation methodologies and identifying key determinants. It aims to provide insights into the intricacies of Ukraine's shadow economy, shedding light on its size, impact, and underlying drivers. The study critically reviews assessment approaches and conducts empirical testing within the Ukrainian context to refine estimations. By employing a comprehensive approach, it assesses the shadow economy's size and drivers, considering factors such as tax rates, unemployment, and GDP growth. The study emphasizes the importance of a context-specific approach and the need for regular updates to assessment methods to align with current economic conditions. The research offers valuable insights into Ukraine's shadow economy and its key drivers, laying the foundation for informed policy decisions. It sets the stage for future studies to explore the dynamics and potential solutions related to Ukraine's shadow economy.