engleski

The gray economy as a global phenomenon

The gray economy is immanent to both highly developed and underdeveloped economies. The gray economy has become a global phenomenon. Accordingly, the main aim of this paper is to explore and analyze the relationship between the gray economy and Gross Domestic Product per capita. To confirm the hy-pothesis that there is a negative relationship between the gray economy and the GDP/p.c., several scientific methods have been used, among which the analysis and synthesis methods, the statistical methods of correlation and regression analysis have been distinguished. The purpose of this paper is to point out the possibilities of significantly increasing the GDP/p.c. by reducing the gray economy to the lowest possible level.

good economy ; Gross Domestic Product per capita ; gray economy ; informal economy

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