“…Nowadays, there is no unified understanding of the role of the shadow economy in the functioning of the economy and ensuring its stability. According to the results of the paper's analysis, it can be concluded that the shadow economy negatively affects certain sectors of economic development and the attractiveness of Lithuania (Ginevicius et al, 2021), Ukraine (Kuznyetsova et al, 2017;Shpak et al, 2022), Algeria (Ramli et al, 2022), EU countries (Roszko-Wójtowicz & Grzelak, 2020;Serpeninova et al, 2020;Vasanicova et al, 2022), Croatia (Škare et al, 2020), BRICS (Cheteni, P. & Umejesi, 2022;Tsaurai, 2022); Central Asia and Eastern Europe (Kaya & Engkuchik, 2021).…”