Образованието като фактор за изсветляване на икономиката в България
Education as a Factor in Reducing the Shadow Economy in Bulgaria

Summary/Abstract: The shadow economy accounts for a substantial share of Bulgaria’s gross domestic product (GDP), estimated to range between 20% and 40% according to various sources, and has a significant impact on the financing of education and research policies. This article examines the relationship between the shadow economy and the educational attainment of the population, employing an econometric approach based on long-term time-series data for the period 1991–2020. The results of the OLS regression indicate a negative relationship between higher levels of education and the size of the shadow economy, as well as a positive association with unemployment and tax burden, which are included as control variables. The findings support policy measures aimed at improving the education system as a means of reducing the shadow economy through enhanced skills development and literacy among the population.

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