VSTE

ISSN (online): 1339-8245

Open access

Volume 3, Issue 1June 2017Pages 37–49

The influence of the shadow economy on the socio-economic development of Ukraine

Abstract

120 words · 1 min read

The paper identifies the key factors constraining the development of the economy of Ukraine in the time horizon of 2020 to 2030, which include as follows: the share of the shadow economy, the scale of corruption, the pension burden on the state budget, the servicing of the public debt, and the energy intensity of Ukraine’s GDP. These factors have a negative impact on other, no less important aspects of the country’s socio-economic development, among which it is necessary to mention, first of all, the energy dependence of the country, the deterioration of the external market conditions, imbalance in the structure of the national economy, low GDP per capita, the imperfection of the financial and credit system, the social dimension etc.