Characteristics of Informal Economy and Competitiveness in Transition to Market Economy

The article examines the specific conditions and characteristics, which underlie the development of the informal economy and competitiveness and their interrelation in transition economies. A system of competitiveness indicators has been defined, which were subsequently, taking into account the impact of the informal economy. The applied indicators enable the investigation of the determinants of competitiveness. The applied indicators were designed to reflect the specificities. transition countries. The analysis of these indicators reveals the specific characteristics of the informal economy and competitiveness in transition economies.