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Underground economy: definition and causes

Sim, Wan Jie and Huam, Hon Tat and Rasli, Amran and Lee, Thean Chye (2011) Underground economy: definition and causes. Business and Management Review, 1 (2). pp. 14-24. ISSN 2047-0398

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Abstract

There are increased numbers of research articles postulating or discussing the similar terminology for the concept of “Underground Economy”. Such attempt has shown that this elusive social economy is worth to study empirically. Despite its numerous research studies, there is presently no single or universally agreed definition for “underground economy”. Different camps of scholars and researchers have conceptualised this terminology with various definitions according to their respective study purposes. In this paper, we focus on a holism definition of underground economy initiated from the taxonomy and factors of determine. It is intended that this paper would advance the understanding of the definition and causes of underground economy via empirical review of research articles. This attempt also reduces scepticism and misperception about underground economy endeavours thus providing a better insight with the most holism definition for this controversial paradigm.

Item Type:Article
Uncontrolled Keywords:underground economy, shadow economy, black economy
Subjects:H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Management
ID Code:39918
Deposited By: Fazli Masari
Deposited On:21 Jul 2014 13:20
Last Modified:05 Mar 2019 09:33

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