Investigating the Determinants of the Shadow Economy: The Baltic Region

IF 1.3 4区经济学 Q3 ECONOMICS

Eastern European Economics Pub Date : 2023-01-09 DOI:10.1080/00128775.2022.2163905

K. Gokmenoglu, Aysel Amir

引用次数: 1

Abstract

ABSTRACT This study investigates the drivers of the shadow economy within the Baltic region, emphasizing the role of financial development, a missing feature from the extant literature. To this end, we analyzed an annual dataset covering the 2009–2019 period for Estonia, Latvia, and Lithuania using panel ARDL and obtained Pooled Mean Group (PMG) estimates. Empirical findings indicate that a rise in the tax burden, further financial development, and institutional development results in the expansion of the shadow economy. However, the establishment of the rule of law and political stability contribute to the contraction of the shadow economy.

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调查影子经济的决定因素:波罗的海地区

本研究探讨了波罗的海地区影子经济的驱动因素，强调了金融发展的作用，这是现有文献中缺失的一个特征。为此，我们使用面板ARDL分析了爱沙尼亚、拉脱维亚和立陶宛2009-2019年期间的年度数据集，并获得了汇总平均组(PMG)估计值。实证结果表明，税收负担的增加、金融的进一步发展和制度的进一步发展导致了影子经济的扩张。然而，法治的建立和政治的稳定有助于影子经济的收缩。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Eastern European Economics ECONOMICS-

CiteScore

2.20

自引率

9.10%

发文量

期刊介绍： Eastern European Economics publishes original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008-9 financial crisis. An introduction by the journal"s editor adds context and expert insights on the articles presented in each issue.