Irina A Markina, Antonina V Sharkova, Martha Y Barna
The shadow economy exists in all countries of the world. Its forms and structure have a regional dimension. Analysis of the shadow economy shows key features, which are common to all countries in a particular economic region. The average index of the shadow economy is 18% for OECD countries, and for the transition economies, this index is about 37%, which confirms the concept of regionalization of economic. Shadow economy depends not only on economic but also on socio political factors. The combination of these factors creates the motivation of the participants of the shadow economy. The burden of direct and indirect taxes high density of regulations and level of corruption are considered to be the main factors, which lead to high indicators of shadow economy in transition economies. Based on these results, the most outstanding problems that have the greatest impact on entrepreneurs were distinguished for each country.