“…In general, the shadow economy has a negative impact on the social safety components (Mishchuk et al, 2020;Didenko et al, 2020;Bozhenko, 2022;Yelnikova & Kwilinski, 2020), life quality of population (Vasa, 2002;Halicka & Surel, 2022;Svazas et al, 2022), business security (Kulish et al, 2018), corporate transparency (Makarenko et al, 2022;Yelnikova & Barhaq, 2020;Pimonenko & Lyulyov, 2021), innovative development of the country (Vysochyna et al, 2020), its financial security (Vasylieva et al, 2020;Shpak et al, 2020;Al-Faryan, 2022;Nguyen & Duong, 2022), fiscal policy effectiveness (Tiganasu et al, 2022), financial markets (Abou El Hassan, 2022;Bouazizi, 2020;Ahuja et al, 2022;Rajeev et al, 2022), level of trust in the government Yoshimori, 2022).…”