Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 1

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  FINANCIAL DEVELOPMENT
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

ANALYZING THE DRIVERS OF THE SHADOW ECONOMY FOR THE CASE OF THE CESEE REGION

100%
Amir A., Gökmenoğlu K.
Ekonomický časopis (Journal of Economics)
|
2023
|
vol. 71
|
issue 2
155 – 181
EN
This study explores the influence of financial development on the shadow economy, alongside other possible determinants, for the CESEE region. To this objective, we used a panel dataset of annual figures for eleven CESEE countries from 2003 to 2019. To estimate the long-run coefficients, panel FMOLS and DOLS were employed. Our findings suggest that an increase in financial development and tax burden leads to the enlargement of the shadow economy. While improvements in institutional quality, trade openness, and economic freedom reduce the magnitude of the shadow economy. The study’s results offer various policy recommendations that can be used to combat the shadow economy in CESEE countries. Tax policy and institutional reforms are encouraged to pro-mote greater trust within institutions, enabling the shift of economic activities from the shadow to the formal economy.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.