2,094
Views
16
CrossRef citations to date
0
Altmetric
Articles

Corruption and shadow economy in transition economies of European Union countries: a panel cointegration and causality analysis

, , &
Pages 1940-1952 | Received 21 Feb 2018, Accepted 04 Jul 2018, Published online: 13 Feb 2019

References

  • Albulescu, C. T., Tamasila, M., & Taucean, I. M. (2016). Shadow economy, tax policies, institutional weakness and financial stability in selected OECD countries. Economics Bulletin, 36(3), 1868–1875.
  • Altuğ, N. (1994). Gelişmiş ve Gelişmekte Olan Ülkelerde Kayıt Dışı Ekonominin Kapsamı. İstanbul Serbest Muhasebeci Mali Müşavirler Odası Dergisi. İstanbul: Mart-Nisan, S.40
  • Borlea, S. N., Achim, M. V., Miron, M. G. A. (2017). Corruption, shadow economy and economic growth: An empirical survey across the European Union Countries, Studia Universitatis “Vasile Goldis” Arad – Economics Series, 27(2), 19–32. doi: 10.1515/sues-2017-0006.
  • Breusch, T. S., & Pagan, A. R. (1980). The lagrange multiplier test and its applications to model specification in econometrics. Review of Economic Studies, 47(1), 239–253.
  • Buehn, A., & Schneider, F. (2009). Corruption and the Shadow Economy: A Structural Equation Model Approach, IZA Discussion Paper Series, No. 4182.
  • Chowdhury, H. U. (2005) Informal economy, governance, and corruption, Philippine Journal of Development, 33(2), 103–134.
  • Dell’anno, R. (2016). Analyzing the determinants of the shadow economy with a ‘‘Separate Approach”: An application of the relationship between inequality and the shadow economy. World Development, 84, 342–356. doi:10.1016/j.worlddev.2015.08.026
  • Dreher A., & Schneider F. (2010) Corruption and the shadow economy: An empirical analysis. Public Choice, 144, 215–238.
  • Dreher, A., & Schneider, F. (2006). Corruption and the shadow economy: An empirical analysis, IZA DP No. 1936.
  • Friedman, E., Johnson, S., Kaufmann, D., & Zoido-Lobaton, P. (2000). Dodging the grabbing hand: The determinants of unofficial activity in 69 countries. Journal of Public Economics, 76, 459–493. doi: 10.1016/S0047-2727(99)00093-6.
  • Gaspareniene, L., Remeikiene, R., & Heikkila, M. (2016). Evaluation of the impact of shadow economy determinants: Ukrainian case. Intellectual Economics, 10, 108–113. doi: 10.1016/j.intele.2017.03.003.
  • Hindriks, J., Muthoo, A., & Keen, M. (1999). Corruption, extortion and evasion. Journal of Public Economics, 74, 395–430.
  • Johnson, S., Kaufmann, D., & Zoido-Lobatón, P. (1998a). Corruption, public finances and the unofficial economy. Washington, DC: The World Bank Discussion Paper.
  • Johnson, S., Kaufmann, D., & Zoido-Lobatón, P. (1998b). Regulatory discretion and the unofficial economy. American Economic Review, 88(2), 387–92.
  • Kaufmann, D., Kraay, A., & Mastruzzi, M. (2010). The Worldwide Governance Indicators: Methodology and Analytical Issues, World Bank Policy Research Working Paper No. 5430. Available at SSRN: https://ssrn.com/abstract =1682130.
  • Kónya, L. (2006). Exports and growth: Granger causality analysis on OECD countries with a panel data approach. Economic Modelling, 23(6), 978–992.
  • Manolas, G., Rontos, K., Sfakianakis, G., & Vavouras, I. (2013). The determinants of the shadow economy: The case of Greece. International Journal of Criminology and Sociological Theory, 6(1), 1036–1047.
  • McCoskey, S., & Kao, C. (1998). A residual-based test of the null of cointegration in panel data. Econometric Reviews, 17, 57–84.
  • OECD (2014) CleanGovBiz Integrity in Practice. Retrieved from https://www.oecd.org/cleangovbiz/49693613.pdf. [Accessed 14th January 2017].
  • Onder İ. (2001), Kayıtdışı Ekonomi ve Vergileme, İstanbul Üniversitesi Siyasal Bilgiler Fakültesi Dergisi, Ekim 2000-Mart 2001, 23–24.
  • Ouédraogo, I. M. (2017). Governance, corruption, and the informal economy. Modern Economy, 8, 256–271. doi:10.4236/me.2017.82018.
  • Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias-adjusted LM test of error cross-section independence. Econometrics Journal, 11(1), 105–127.
  • Pesaran, M.H. (2007). A simple panel unit root test in the presence of cross section dependence, Journal of Applied Econometrics, 22, 265–312.
  • Schneider, F. (2007). Shadow economies and corruption all over the world: What do we really know? Economics Discussion Papers, 2007–2009.
  • Schneider, F. (2015). Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments. Retrieved from http://www.econ.jku.at/members/schneider/files/publications/2015/shadeceurope31.pdf, [Accessed 14th December 2016].
  • Schneider, F., & Enste, D. H. (2000). Shadow economies: Size, causes, and consequences. Journal of Economic Literature, 38, 77–114.
  • Shahab, M. R., Pajooyan, J., & Ghaffari, F. (2015). The effect of corruption on shadow economy: An empirical analysis based on panel data. International Journal of Business and Development Studies, 7(1), 85–100.
  • Singh, A., Jain-Chandra, S., & Mohommad, A. (2012) Inclusive growth, institutions and the underground economy. IMF Working Papers, 12(47), https://www.imf.org/external/pubs/ft/wp/2012/wp1247.pdf,[Accessed 15th December 2016].
  • Tanzi, V. (1998). Corruption around the world: Causes, consequences, scope, and cures, IMF. Staff Papers, 45(4), 559–594.
  • Virta, H. (2010). The linkage between corruption and shadow economy size: does geography matter? International Journal of Development Issues, 9(1), 4–24.
  • Vo, D. H., Ha, D. T., & Ly, T.H. (2015). Shadow economy and corruption in the ASEAN: Complement or substitute? In Djajadikerta, H., & Zhang, Z. (Eds), A new paradigm for international business. Springer Proceedings in Business and Economics. Singapore: Springer.
  • Westerlund, J., & Edgerton, D. L. (2007). A panel bootstrap cointegration test. Economics Letters, 97(3), 185–190. doi:10.1016/j.econlet.2007.03.003.
  • World Bank (2016). Worldwide Governance Indicators, http://info.worldbank.org/governance/wgi/index.aspx#home. [Accessed 14th December 2016].