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Entrepreneurship and the Shadow Economy

Edited by Arnis Sauka, Stockholm School of Economics in Riga, Latvia, Friedrich Schneider, Professor of Economics, Johannes Kepler University of Linz, Austria and Colin C. Williams, Professor of Public Policy, Management School, University of Sheffield, UK
The shadow economy has become the focus of policy makers around the world. This timely book explores the relationship between entrepreneurship and the shadow economy by reviewing how to measure, explain and tackle this hidden enterprise culture.

The editors bring together leading authorities in the field to examine existing methods to measure the shadow economy, explore entrepreneurship and shadow economy practices in various contexts, and provide policy suggestions for decreasing the shadow economy. It concludes by encouraging further research in this ever-growing field.
Extent: 256 pp
Hardback Price: $120.00 Web: $108.00
Publication Date: 2016
ISBN: 978 1 78471 987 6
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  • Business and Management
  • Entrepreneurship
  • Economics and Finance
  • Economics of Entrepreneurship
The shadow economy has become the focus of policy makers around the world. This timely book explores the relationship between entrepreneurship and the shadow economy by reviewing how to measure, explain and tackle this hidden enterprise culture.

The editors bring together leading authorities in the field to examine existing methods to measure the shadow economy, explore entrepreneurship and shadow economy practices in various contexts, and provide policy suggestions for decreasing the shadow economy. It concludes by encouraging further research in this ever-growing field.

Students and scholars in the field of entrepreneurship and the shadow economy will find this book to be of use to their work. It will also be of use to those in disciplines such as sociology, economics and global studies as well as practitioners in the field of public policy.
‘Understanding the shadow economy is of major importance for both scholars of many disciplines and policy makers around the world. This edited volume is what we have been waiting for. It provides an excellent overview of a phenomenon that should not be neglected in any analysis of the shadow economy, namely entrepreneurship. Readers will get a grasp of how to measure the shadow economy, how it relates to entrepreneurial activities and how to cope with it.’
– Klarita Gërxhani, European University Institute, Italy

‘This edited volume discusses entrepreneurship and/in the shadow economy, emphasizing its potential, the negative effects on economic well-being and society, and giving an overview about policy measures. The editors have assembled a group of knowledgeable scholars in the area. With its balanced perspective, I believe this book will be of great value to entrepreneurship scholars as well as to policy makers wishing to learn about the newest research insights into the shadow economy.’
– Friederike Welter, Institut für Mittelstandsforschung (IfM) Bonn and University of Siegen, Germany
Contributors: Y. Abdih, J.E. Amoros, A. Chepurenko, J.P. Couyoumdjian, O. Cristi, E. Denisova-Schmidt, I.A Horodnic, L. Medina, M. Minniti, Y. Prytula, T.J. Putnins, A. Sauka, F. Schneider, M. Virtanen, C.C. Williams, J. Windebank























Contents:

Introduction
Arnis Sauka, Friedrich Schneider and Colin C. Williams

PART I METHODS TO MEASURE THE AMOUNT AND DETERMINANTS OF THE SHADOW ECONOMY
1. The Bottom-Up Power of Informal Entrepreneurship
José Ernesto Amorós, Juan Pablo Couyoumdjian, Oscar Cristi and Maria Minniti

2. Estimating the Size of the Shadow Economies of 162 Countries Using MIMIC Method
Friedrich Schneider

3. The Components and Determinants of the Shadow Economy: Evidence from the Baltic Countries
T?lis J. Putnins and Arnis Sauka

4. The Participation of the Self-Employed in the Shadow Economy in the European Union
Colin C. Williams, Ioana A. Horodnic and Jan Windebank

PART II ENTREPRENEURSHIP AND THE SHADOW ECONOMY IN VARIOUS CONTEXTS
5. Informal Entrepreneurship and Informal Entrepreneurial Activity in Russia
Alexander Chepurenko

6. The Shadow Economy and Enterpreneurship In Ukraine
Elena Denisova-Schmidt and Yaroslav Prytula

7. A Normative Analysis About the Measures to Prevent Shadow Economy in Finland
Markku Virtanen

8. The Informal Economy in the Caucasus and Central Asia: Size and Determinants
Yasser Abdih and Leandro Medina

PART III POLICY PERSPECTIVES AND STRATEGIES ON DECREASING SHADOW ECONOMIES
9. What is to be Done About Entrepreneurship in the Shadow Economy?
Colin C. Williams

Index