Table of contents

  1. Front Matter
    Pages i-ix
  2. Gorana Krstić
    Pages 1-3 Open Access
  3. Mihail Arandarenko
    Pages 5-12 Open Access
  4. Milojko Arsić, Mihail Arandarenko, Branko Radulović, Saša Ranđelović, Irena Janković
    Pages 21-46 Open Access
  5. Friedrich Schneider, Gorana Krstić, Milojko Arsić, Saša Ranđelović
    Pages 47-75 Open Access
  6. Gorana Krstić, Branko Radulović
    Pages 77-99 Open Access
  7. Milojko Arsić, Gorana Krstić
    Pages 101-107 Open Access
  8. Gorana Krstić, Friedrich Schneider, Mihail Arandarenko, Milojko Arsić, Branko Radulović, Saša Ranđelović et al.
    Pages 123-158 Open Access
  9. Gorana Krstić, Friedrich Schneider, Mihail Arandarenko, Milojko Arsić, Branko Radulović, Saša Ranđelović et al.
    Pages 159-170 Open Access
  10. Back Matter
    Pages 171-179

About this book


The main objective of this book is to develop a strategy and policy measures to enhance the formalization of the shadow economy in order to improve the competitiveness of the economy and contribute to economic growth; it explores these issues with special reference to Serbia. The size and development of the shadow economy in Serbia and other Central and Eastern European countries are estimated using two different methods (the MIMIC method and household-tax-compliance method). Micro-estimates are based on a special survey of business entities in Serbia, which for the first time allows us to explore the shadow economy from the perspective of enterprises and entrepreneurs. The authors identify the types of shadow economy at work in business entities, the determinants of shadow economy participation, and the impact of competition from the informal sector on businesses. Readers will learn both about the potential fiscal effects of reducing the shadow economy to the levels observed in more developed countries and the effects that formalization of the shadow economy can have on economic growth.


Economic growth Enterprises Policy measures Serbia Shadow economy

Editors and affiliations

  • Gorana Krstić
    • 1
  • Friedrich Schneider
    • 2
  1. 1.Faculty of EconomicsUniversity of BelgradeBelgradeSerbia
  2. 2.Department of EconomicsUniversity of LinzLinzAustria

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and the Author(s) 2015
  • License CC BY-NC
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-13436-9
  • Online ISBN 978-3-319-13437-6
  • Series Print ISSN 1431-1933
  • Series Online ISSN 2197-7178
  • Buy this book on publisher's site