Corruption and shadow economy in transition economies of European Union countries
A panel cointegration and causality analysis
Bibliographic Data
| ID | 15067928 |
|---|---|
| Authors | Y Bayar (0000-0002-6776-6524, Faculty of Economics and Administrative Sciences, Usak University , Usak , Turkey, corresponding author), Hakki Odabas (Faculty of Political Sciences, Ankara Yıldırım Beyazıt University , Ankara , Turkey), Hakkı Odabaş (0000-0001-9145-9391, Ankara Yıldırım Beyazıt University), Mahmut Ünsal Şaşmaz (0000-0001-9485-3933, Faculty of Economics and Administrative Sciences, Usak University , Usak , Turkey), Ömer Faruk Öztürk (0000-0003-0250-5021, Faculty of Economics and Administrative Sciences, Usak University , Usak , Turkey) |
| Year | 2018 |
| Volume | 31 |
| Issue | 1 |
| Pages | 1940-1952 |
| Publication date | 2018-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2018.1498010 |
| OpenAlex | W2913499260 |
| Language | EN |
| Citations received | 6 |
| References cited | 16 |
Corruption and shadow economy are two critical problems which feed each other and pose an obstacle against the economic development of countries, especially those with weak fundamentals. Central and Eastern European countries have experienced an absolute political and economic transformation after the downfall of the Berlin Wall. This study researches the effect of corruption and rule of law on shadow economy in 11 transition economies of Central and Eastern Europe over the 2003-2015 term with panel cointegration and causality tests considering heterogeneity and cross-sectional dependence. The cointegration coefficients revealed a complementary interplay between size of shadow economy and corruption. Furthermore, the causality analysis indicated that there was a bilateral causality between control of corruption and shadow economy in all the cross-section units. However, there was a two-way causality between rule of law and shadow economy only in Bulgaria, Czech Republic, Poland and Romania. Furthermore, there was one-way causality from rule of law to shadow economy in Croatia, Estonia, Hungary, Slovakia and Slovenia
Cointegration · Econometrics · Economic system · Economics · Economy · European union · International economics · Language change · Macroeconomics · Corruption and Economic Development · Fiscal Policy and Economic Growth · Taxation and Compliance Studies
The impact of food insecurity on health outcomes
Does government effectiveness moderate public spending on education–shadow economy nexus in Asean countries
Corruption and its Impact on Protest Activities in Post-communist Europe
Governance spending fixation as a tool for reform to improve institutions
It is not OK but it works – unproductive entrepreneurship, the case of Poland
Do shadow economy, institutional regulatory framework, government stability, and corruption affect non-performing banking loans in emerging market economies
Corruption Around the World
A panel bootstrap cointegration test
A bias-adjusted LM test of error cross-section independence
Dodging the grabbing hand
Exports and growth
Shadow Economies
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
A simple panel unit root test in the presence of cross‐section dependence
Analyzing the Determinants of the Shadow Economy With a “Separate Approach”. An Application of the Relationship Between Inequality and the Shadow Economy
Corruption and the shadow economy
| Citations per year | 1 |
|---|---|
| Citation span | 2020 - 2023 (4) |
| Highly cited | No |