Investigating the determinants of the shadow economy: the Baltic region
Collection:
Mokslo publikacijos / Scientific publications
Document Type:
Straipsnis / Article
Language:
Anglų kalba / English
Title:
Investigating the determinants of the shadow economy: the Baltic region
Authors:
In the Journal:
Eastern European economics, 2023, vol. 51, no. 2, p. 181-198
Subject Category:
Summary / Abstract:
ENThis study investigates the drivers of the shadow economy within the Baltic region, emphasizing the role of financial development, a missing feature from the extant literature. To this end, we analyzed an annual dataset covering the 2009–2019 period for Estonia, Latvia, and Lithuania using panel ARDL and obtained Pooled Mean Group (PMG) estimates. Empirical findings indicate that a rise in the tax burden, further financial development, and institutional development results in the expansion of the shadow economy. However, the establishment of the rule of law and political stability contribute to the contraction of the shadow economy. Keywords: shadow economy, taxation, panel ARDL, Baltic countries.
DOI:
10.1080/00128775.2022.2163905
ISSN:
0012-8775; 1557-9298
Subject:
Related Publications:
Bring on the the light: reduction of the corporate shadow economy by tax reform.. Access to justice in Eastern Europe 2023, 6, 4, p. 165-185.
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https://www.lituanistika.lt/content/108455
Updated:
2024-06-12 16:17:15
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