{"id":2579,"date":"2023-03-10T12:13:19","date_gmt":"2023-03-10T12:13:19","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=2579"},"modified":"2023-03-10T12:15:32","modified_gmt":"2023-03-10T12:15:32","slug":"empirical-analysis-of-the-short-run-and-long-run-economic-impacts-of-the-of-the-shadow-economy","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=2579","title":{"rendered":"EMPIRICAL ANALYSIS OF THE SHORT-RUN AND LONG-RUN ECONOMIC IMPACTS OF THE OF THE SHADOW        ECONOMY"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong><em>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/em><\/strong><strong><em>Rakhmonov Azizjon,<\/em><\/strong><\/p>\n<p style=\"text-align: center;\"><em>Senior lecturer of the Department of Finance, <\/em><em>KIMYO <\/em><em>International University <\/em><em>in <\/em><em>Tashkent,<\/em><\/p>\n<p style=\"text-align: center;\"><em>Tashkent, Uzbekistan<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"mailto:azizrakhmonov1913@gmail.com\">azizrakhmonov1913@gmail.com<\/a><\/p>\n<p style=\"text-align: center;\"><em>ORCID: 0000-0001-6734-9504<\/em><\/p>\n<p><em><strong>Abstract<\/strong>. The article researches the scientific and theoretical literature on the impact of the scale of the underground economy on the economy, based on which the long-term and short-term effects of the underground economy on the level of economic growth and employment were modeled. In order to empirically assess the impact of the level of the secret economy on the level of economic growth and employment, an econometric analysis covering the years 2004-2015 was conducted for 44 countries. The results of the analysis revealed that the hidden economy has a negative impact on economic growth in the short and long term. Also, the analysis revealed that there is a short-term negative relationship between the underground economy and the unemployment rate. It was found that the informal sector serves to absorb unemployment caused by external shocks in the short term, but has a negative impact on the welfare of the population in the long term.<\/em><\/p>\n<p><strong><em>Key words:<\/em><\/strong> <em>Shadow<\/em><em> economy, economic growth, unemployment, employment, empirical analysis, tax evasion.<\/em><\/p>\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2023\/03\/\u0420\u0430\u0445\u043c\u043e\u043d\u043e\u0432-\u0410\u0437\u0438\u0437\u0436\u043e\u043d.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of \u0420\u0430\u0445\u043c\u043e\u043d\u043e\u0432-\u0410\u0437\u0438\u0437\u0436\u043e\u043d.\"><\/object><a id=\"wp-block-file--media-37808dd5-2c82-4b3c-b9a2-a3f92452c872\" href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2023\/03\/\u0420\u0430\u0445\u043c\u043e\u043d\u043e\u0432-\u0410\u0437\u0438\u0437\u0436\u043e\u043d.pdf\">\u0420\u0430\u0445\u043c\u043e\u043d\u043e\u0432-\u0410\u0437\u0438\u0437\u0436\u043e\u043d<\/a><a href=\"https:\/\/interfinance.tsue.uz\/wp-content\/uploads\/2023\/03\/\u0420\u0430\u0445\u043c\u043e\u043d\u043e\u0432-\u0410\u0437\u0438\u0437\u0436\u043e\u043d.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-37808dd5-2c82-4b3c-b9a2-a3f92452c872\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Rakhmonov Azizjon, <a href=\"https:\/\/interfinance.tsue.uz\/?p=2579\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-2579","post","type-post","status-publish","format-standard","hentry","category-2023-1-issue-1-6"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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