SHADOW ECONOMY, ECONOMIC GROWTH AND LABOR
                        MARKET.
                    ROMANIAN CASE

                           Mutaşcu Mihai, Associate Professor PhD
                                West University of Timisoara
                                 mihai.mutascu@gmail.com


ABSTRACT: The shadow economy is represented by the whole economic activities which are
realized at the border of the criminal laws, social laws or fiscal laws or which are skipping
(massive) from the inventory of national accounts. The paper is intended to quantify and
analyze the impact of the shadow economy on the main variables that may characterize
economic growth and labor market, for the Romanian case.

Keywords: shadow economy, effects, economic growth, labor market

JEL codes: O17, O40, J40