Research Article
Factors Influencing the Shadow Economy: Insights from a Systematic Review
@INPROCEEDINGS{10.4108/eai.30-10-2024.2354725, author={Ikbal Thoha Saleh and Choirul Saleh and Lely Indah Mindarti and S. Sujarwoto}, title={Factors Influencing the Shadow Economy: Insights from a Systematic Review}, proceedings={Proceedings of the 3rd International Conference on Public Administration and Governance, ICOPAG 2024, 30 October 2024, Malang, Indonesia}, publisher={EAI}, proceedings_a={ICOPAG}, year={2025}, month={5}, keywords={shadow economy informal economy tax evasion bibliometric analysis}, doi={10.4108/eai.30-10-2024.2354725} }- Ikbal Thoha Saleh
Choirul Saleh
Lely Indah Mindarti
S. Sujarwoto
Year: 2025
Factors Influencing the Shadow Economy: Insights from a Systematic Review
ICOPAG
EAI
DOI: 10.4108/eai.30-10-2024.2354725
Abstract
The Shadow Economy plays a critical role in both developed and developing economies, with wide-ranging implications for governance, economic policy, and social welfare. This study presents a systematic review using bibliometric analysis of 306 documents from 1984 to 2024, exploring key trends and factors influencing the Shadow Economy. The analysis reveals an annual growth rate of 8.27%, with research spread across disciplines such as economics, social sciences, and business. Ukraine, the UK, and Germany are leading contributors to the research, highlighting the importance of the Shadow Economy in transitional and developed economies alike. Emerging themes such as cryptocurrency and digital shadow economies point to evolving informal economic activities, while traditional areas like tax evasion, corruption, and informal labor markets remain central. The study identifies potential research directions, including the impact of digitalization, policy interventions, and regional comparisons. This review contributes to the understanding of the Shadow Economy, offering insights into its evolving nature and guiding future research and policy development.
