Evaluating the Policy Approach Towards the Undeclared Economy in FYR Macedonia

Williams, C., Dzhekova, R., Franic, J. & Mishkov, L. (2015). Evaluating the policy approach towards the undeclared economy in FYR Macedonia. International Journal of Entrepreneurship and Small Business, volume: 24 (issue: 2)

19 Pages Posted: 27 Jan 2015

See all articles by Colin Williams

Colin Williams

University of Sheffield - School of Management

Rositsa Dzhekova

University of Sheffield

Josip Franic

University of Sheffield - School of Management

Lyubo Mishkov

University of Sheffield - School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: January 26, 2015

Abstract

This paper evaluates how the undeclared economy is being tackled in FYR Macedonia. Reporting the findings on the extent and nature of the undeclared economy in this country, FYR Macedonia is shown to have the largest undeclared economy of all European countries and such work is prevalent across all sectors and business types. Examining how the undeclared economy is being tackled, it is revealed that there is a need not only to move away from the current fragmented approach by establishing a single agency or committee to better coordinate the fight against undeclared work in FYR Macedonia but also for a shift away from the current focus upon deterrents and for more attention to be paid to a wider range of measures that enable undeclared work to move into the declared economy. Unless such an approach is pursued then it is likely to remain difficult to make further headway in tackling undeclared work.

Keywords: informal sector; shadow economy; entrepreneurship; tax evasion; economic development; public policy; Macedonia

Suggested Citation

Williams, Colin and Dzhekova, Rositsa and Franic, Josip and Mishkov, Lyubomir, Evaluating the Policy Approach Towards the Undeclared Economy in FYR Macedonia (January 26, 2015). Williams, C., Dzhekova, R., Franic, J. & Mishkov, L. (2015). Evaluating the policy approach towards the undeclared economy in FYR Macedonia. International Journal of Entrepreneurship and Small Business, volume: 24 (issue: 2), Available at SSRN: https://ssrn.com/abstract=2555626

Colin Williams (Contact Author)

University of Sheffield - School of Management ( email )

15 Conduit Road
Sheffield, S10 1FL
United Kingdom

HOME PAGE: http://https://www.sheffield.ac.uk/management/staff/williams/index

Rositsa Dzhekova

University of Sheffield ( email )

17 Mappin Street
Sheffield, Sheffield S1 4DT
United Kingdom

Josip Franic

University of Sheffield - School of Management ( email )

9 Mappin Street
Sheffield, S1 4DT
United Kingdom

Lyubomir Mishkov

University of Sheffield - School of Management ( email )

9 Mappin Street
Sheffield, S1 4DT
United Kingdom

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