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Journals / Maliye Dergisi / 2019 / Cilt: 0 - Sayı: 177

Institutional and Economic Determinants of the Shadow Economy: Evidence from European Union Transition Economies

Kayıt Dışı Ekonominin Kurumsal ve Ekonomik Belirleyicileri: Avrupa Birliği Geçiş Ekonomileri Örneği

Ömer Faruk ÖZTÜRK
Aysun KARAMIKLI
Pages
476–504
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

On the other hand, improvements in the legal system and property rights and regulatory framework representing institutional variables are found to reduce the shadow economy.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the effect of major economic and institutional variables on the size of the shadow economy in the transition economies of the European Union which are undergoing economic and institutional transformation is investigated by using a panel regression analysis.
📊
Key Findings & Data:As a result of the study, it is revealed that economic growth, trade liberalization and financial development reduce the shadow economy, while unemployment, inflation and tax burden raise it.
💡
Conclusion & Impact:On the other hand, improvements in the legal system and property rights and regulatory framework representing institutional variables are found to reduce the shadow economy.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this study, the effect of major economic and institutional variables on the size of the shadow economy in the transition economies of the European Union which are undergoing economic and institutional transformation is investigated by using a panel regression analysis. As a result of the study, it is revealed that economic growth, trade liberalization and financial development reduce the shadow economy, while unemployment, inflation and tax burden raise it. On the other hand, improvements in the legal system and property rights and regulatory framework representing institutional variables are found to reduce the shadow economy.

Özet

Bu çalışmada panel regresyon analizi kullanılarak ekonomik ve kurumsal dönüşüm geçiren Avrupa Birliği geçiş ekonomilerinde, başlıca ekonomik ve kurumsal değişkenlerin kayıt dışı ekonomi büyüklüğü üzerindeki etkisi araştırılmıştır. Çalışma sonucunda ekonomik değişkenlerden ekonomik büyüme, ticari serbestleşme ve finansal gelişmenin kayıt dışı ekonomiyi azalttığı, işsizlik, enflasyon ve vergi yükünün ise kayıt dışı ekonomiyi artırdığı belirlenmiştir. Diğer yandan kurumsal değişkenleri temsil eden yasal sistem ve mülkiyet hakları ile düzenleyici çerçevedeki iyileşmelerin ise kayıt dışı ekonomiyi azalttığı tespit edilmiştir.

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Cite This Article

ÖZTÜRK, Ö. F., KARAMIKLI, A. (2022). Institutional and Economic Determinants of the Shadow Economy: Evidence from European Union Transition Economies. Maliye Dergisi, Cilt: 0 - Sayı: 177, 476–504. https://ajindex.com/articles/577899

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