KaydedilenlerDerginizi ekleyin

Dergiler / Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi / 2014 / Cilt: 2 - Sayı: 2

The Effect of Informal Economy on the European Debt Crisis

Mehmet SARAÇ
Remzi BAŞAR
Sayfa
25–37
Yayın Tarihi
2014-04-01
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Findings show that there is a significant relationship between informal economy and indebtedness.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:The informal economy poses a problem not only for developing countries today; it also appears to be a growing problem in all advanced countries of the world.
📊
Temel Bulgular & Veri:The relationship between the informal economy and indebtedness is examined through GMM model on the panel data of 27 EU countries for the years 1999 through 2007.
💡
Sonuç & Katkı:Findings show that there is a significant relationship between informal economy and indebtedness.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:2007 Verileri
⚙️Değişkenler:EU Debt Crisis · Informal Economy · Overindebtedness

Özet

The informal economy poses a problem not only for developing countries today; it also appears to be a growing problem in all advanced countries of the world. This paper empirically investigates whether the size of informal economy has any effect on overindebtedness in the context of Europe. Thus, we attempt to provide empirical evidence that it is not a coincidence that those countries most severely affected from the crisis are also the ones with the highest size of informal economy, such as Greece, Italy, Spain and Portugal. The empirical analysis is based on the official data published by European Statistical Agency and the World Bank. The relationship between the informal economy and indebtedness is examined through GMM model on the panel data of 27 EU countries for the years 1999 through 2007. Findings show that there is a significant relationship between informal economy and indebtedness.

Abstract

The informal economy poses a problem not only for developing countries today; it also appears to be a growing problem in all advanced countries of the world. This paper empirically investigates whether the size of informal economy has any effect on overindebtedness in the context of Europe. Thus, we attempt to provide empirical evidence that it is not a coincidence that those countries most severely affected from the crisis are also the ones with the highest size of informal economy, such as Greece, Italy, Spain and Portugal. The empirical analysis is based on the official data published by European Statistical Agency and the World Bank. The relationship between the informal economy and indebtedness is examined through GMM model on the panel data of 27 EU countries for the years 1999 through 2007. Findings show that there is a significant relationship between informal economy and indebtedness

🔖

Bu Makaleye Atıf Yap

SARAÇ, M., BAŞAR, R. (2014). The Effect of Informal Economy on the European Debt Crisis. Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi, Cilt: 2 - Sayı: 2, 25–37. https://ajindex.com/articles/173798

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (11)

  1. Arellano, M., Bond, S. (1991). “Some Tests Of Specification For Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” Review of Economic Studies, 58, pp: 277-297.
  2. Baltagi, Badi H. (2005): “Econometric Analysis of Panel Data / p.26” 3rd Edition.
  3. England, John Wiley&Sons Ltd. Carter, Michale (1984): “Issues In the Hidden Economy A Survey”, Economic Record, Vol 60, pp:209-221
  4. Feige, Edgar L. (1996): “Overseas Holdings of U.S. Currency and the Underground Economy”, in: Pozo, Susan (ed.): Exploring the Underground Economy. Kalamazoo, Michigan. Fiege, E.L. (1986): “Re-examination of Underground Economy in the United States: A Comment on Tanzi,” IMF Staff Papers, Vol.33, Issue:4, December, pp.768-81
  5. Fiege, E.L. (1990): “Defining and Estimating Underground and Informal Economies: The New Institional Economics Approach,” World Development, Vol.18, No.7. Güloğlu, Bülent, Tekin, R.B., (2012), “A Panel Causality Analysis of the Relationship among Research and Development, Innovation, and Economic Growth in High-Income OECD Countries”, Eurasian Economic Review, Vol.2, No.1, 2012 pp. 32-47.
  6. Holtz-Eakin, D.,W.K. Newey, and H. S. Rosen (1988). “Estimating Vector Autoregressions With Panel Data”. Econometrica 56: 1371–1395. http://www- wds.worldbank.org/external/default/WDSContentServer/IW3P/IB/2010/1 0/14/000158349_20101014160704/Rendered/PDF/WPS5356.pdf Ilgın, Yılmaz (1995): “Kayıt Dışı Ekonomi ve Türkiye’deki Boyutları”, Unpublished Masters Thesis, State Planning Organization, Ankara.
  7. Karagül, Mehmet (1997): “Kayıt Dışı Ekonomi ve Türkiye’de Kayıt Dışı Ekonominin İncelenmesi”, Celal Bayar Üniversitesi İİBF, Yönetim ve Ekonomi Dergisi, Issue 3: pp.185-205
  8. Kök, Recep, Şapçı, Onur (2006): “Kayıt Dışı Ekonomi ve Türkiye Ekonomisi’ndeki Büyüklüğünün Tahmin Edilmesi”, Turkish Economic Association International Conference on Economics, Ankara, 11-13 September 2006.
  9. Saraç, Mehmet (2010): “Measuring the Effectiveness of Internal Credit Rating: An Application on a Participation Bank”, International Research Journal of Finance and Economics, Issue 53, pp. 10-118.
  10. Savaşan, Fatih (2005): “Avrupa Birliği Genişleme Sürecinde Saklı ve Informal Ekonomiler” Arıkan, Harun and Muhsin Kar (editors), Türkiye Avrupa Birliği İlişkileri: Siyasal, Bölgesel ve Ekonomik Boyutlar, Seçkin, 345-376
  11. Schneider F. (2005): “Shadow Economies of 145 Countries all over the World: Estimation Results over the Period 1999 to 2003” Yaşar University International Conference, Çeşme, 2005 S