Shining a light on the shadows: Identifying robust determinants of the shadow economy

Goel, Rajeev K.; Nelson, Michael A.

doi:10.1016/j.econmod.2016.06.009

Cited by 124 publications

(124 citation statements)

References 34 publications

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“…This variable comes from Marshall, Gurr, and Jaggers (). Following the same methodology as before, while democracy has limited effect on Corruption and Shadow , our main findings remain intact thus confirming their validity. The insignificant effect of democracy on the shadow economy has been found elsewhere in the literature (Goel & Nelson, ). These results are available upon request. Further, given the multidimensional nature of corruption and the shadow economy, a number of other influences may be relevant (e.g., migration, openness).…”

supporting

confidence: 54%

“…Employing the standard quantity equation, Alm and Embaye (2013) back out an estimate of income necessary to sustain this level of currency. Based 10 It is important to note that the construction of the shadow economy measure draws somewhat on GDP (see Goel & Nelson, 2016); however, the use of lagged values in the panel VAR models mitigates potential problems with identification.…”

Section: Datamentioning

confidence: 99%

“…These results are available upon request. Further, given the multidimensional nature of corruption and the shadow economy, a number of other influences may be relevant (e.g., migration, openness). However, some of these have been found to be not effective in robustness studies of determinants of corruption (see Seldadyo & de Haan, ; Serra, ) or the shadow economy (Goel & Nelson, ), besides creating degrees of freedom issues with our estimation methodology. Thus, we focus on the commonly identified “core” determinants.…”

mentioning

confidence: 99%

“… It is important to note that the construction of the shadow economy measure draws somewhat on GDP (see Goel & Nelson, ); however, the use of lagged values in the panel VAR models mitigates potential problems with identification. …”

mentioning

confidence: 99%

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Corruption and the shadow economy: One‐way or two‐way street?

2018

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This paper attempts to bring some resolution to the relation between corruption and the shadow economy. While previous research focuses on the static relationship between the two, we account for dynamics using a panel vector autoregression model and consider influences from the official economy and institutional quality. Using cross‐national panel data for 108 countries over the period 1984–2006, results show a bidirectional relationship with initial complementarity, and substitution over time. Thus, the nature of the two‐way street is shown to change over time and our consideration of dynamics reveals the complementarity–substitution switch.

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supporting

confidence: 54%

Section: Datamentioning

confidence: 99%

mentioning

confidence: 99%

mentioning

confidence: 99%

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Corruption and the shadow economy: One‐way or two‐way street?

2018

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“…Other researchers explain it through the imperfection of regulations (Lu et al, 2015). Bureaucracy is also an essential factor -the bureaucratic complexity is sometimes more significant than monetary severity in driving the shadow economy (Goel & Nelson, 2016). …”

Section: Methodology Of Measurementmentioning

confidence: 99%

Main features of Ukrainian monetary policy during the post-crisis economy reformation

Крушельницька

Kakhovska

Kurinnyi

et al. 2017

Banks and Bank Systems

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The article is devoted to the Ukrainian monetary policy in the period of post-crisis structural reformation. Overcoming consequences of the deepest in Ukraine’s new history economic, social and political crisis become a starting point for modernization of the whole administration system and policy provided. In that period, monetary policy has been changed significantly. It was provoked by necessity for state regulator to respond to act on complex of unexpected challenges. Main features of monetary policy in 2013–2016 (active regulation, stabilization and maintaining proper equilibrium in the economic system; implementation of IMF program; gradual intensification of administrative measures; inflation targeting; influencing the regime of floating exchange rate; prices stabilization; focusing on equilibrium in the balance of payments; mobilization operations restraining; growth of the monetary base; monetary policy measures have generally been a response to fiscal policy and geopolitical policy of Ukraine) are highlighted.

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Informal competition and firm performance: Impacts on input‐ versus output performance

2021

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Using data on more than 100 emerging nations, this paper considers the impact of informal competition on the performance of formal sector firms. Unique aspects include comparing the effects on input performance (via total factor productivity [TFP]) with those on output performance (via sales per worker). Grounding the empirical analysis in the theory of vertical integration into research, results show informal competition to undermine firms' performance. Furthermore, technology outsourcing, rather than in-house innovation, appears to be effective in boosting performance for firms facing underground competition. Finally, the performance impact of informal competition is sensitive to the existing level of performance.

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Shining a light on the shadows: Identifying robust determinants of the shadow economy

Cited by 124 publications

References 34 publications

Corruption and the shadow economy: One‐way or two‐way street?

Corruption and the shadow economy: One‐way or two‐way street?

Main features of Ukrainian monetary policy during the post-crisis economy reformation

Informal competition and firm performance: Impacts on input‐ versus output performance

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