Economics and management of national economy

Ukrainian economy unshadowing as a factor of state economic security management

Economic Annals-XXI

Economic Annals-ХХI: Volume 159, Issue 5-6, Pages: 25-28

Citation information:
Hubarieva, I.,  Chmutova, I., & Maksimova, M. (2016). Ukrainian economy unshadowing as a factor of state economic security management. Economic Annals-XXI, 159(5-6), 25-28. doi: https://doi.org/10.21003/ea.V159-05

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Iryna Hubarieva
D.Sc. (Economics),
Associate Professor,
Research Center for Industrial Problems of Development of the
National Academy of Sciences of Ukraine
5 Svobody Sq, Kharkiv, 61022, Ukraine
Gubarievairyna@gmail.com

Iryna Chmutova
D.Sc. (Economics),
Associate Professor,
Simon Kuznets Kharkіv National University of Economics
9-A Nauky Ave., Kharkiv, 61166, Ukraine
chmutova_i@ukr.net

Marina Maksimova
PhD (Economics),
Senior Lecturer,
Simon Kuznets Kharkіv National University of Economics
9-A Nauky Ave., Kharkiv, 61166, Ukraine
maximovamv@ukr.net

Ukrainian economy unshadowing as a factor of state economic security management

Abstract. The level of shadowing of the Ukrainian economy is a key threat to the country’s economic security. The authors used a cognitive approach to modelling an impact of destructive factors on the economic security of the country. The main problems of unshadowing of the Ukrainian economy are as follows: a slow pace of anti-corruption and judicial reforms, a considerable tax burden and ineffective tax administration, as well as base erosion and profit shifting. The following measures should be taken in order to ensure economic security of Ukraine: to reduce corruption, to reform the judicial system, to decrease the excessive regulatory and tax pressure on the corporate sector, to conduct deoffshorisation of the country’s economy.

Keywords: Economic Security; Management; Cognitive Approach; Unshadowing of the Economy; Corruption; Tax Pressure; Deoffshorisation; Finance

JEL Classification: O17

DOI: https://doi.org/10.21003/ea.V159-05

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Received 12.04.2016

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