Level of shadow economy in Ukraine: reasons and ways to overcome

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The article offers an investigation of the level of the shadow economy in Ukraine in the period 2007–2016, the structure of the shadow (“grey”) economy in the sectoral section, Ukraine’s place in world rankings in terms of economic freedom, corruption, favorable business conditions, and competitiveness. The main reasons of high level of shadow sector of the national economy are considered, and several measures regarding the reduction of the shadow economy in Ukraine and improvement of its economic situation are presented.

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    • Figure 1. The level of shadow economy by fields of activity
    • Figure 2. Forecast of the shadow economy in Ukraine
    • Table 1. The level of the shadow economy in Ukraine in 2007–2016
    • Table 2. Ukraine’s place in world rankings relative to countries with market and transition economies
    • Table 3. Forecast calculations of the shadow economy level in Ukraine for the period 2017–2021