Driving forces of development of the shadow economy: New empirical evidence for EU member countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094823" target="_blank" >RIV/61989100:27510/15:86094823 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Driving forces of development of the shadow economy: New empirical evidence for EU member countries
Original language description
The aim of this article is the empirical verification on the significance of key driving force of the shadow economy on the shadow economy development in 28 European Union (EU) member countries from 2000 to 2014. Based on the estimation of panel data regression model was proved that to increase in the size of the shadow economy in the EU contributes especially high unemployment rate and a high level of regulation of the official economy (measured by the ratio of government expenditure to GDP). It has also been shown that for decrease in the size of the shadow economy in the EU has the greatest significance low level of corruption, economic growth, better government effectiveness and better rule of Law. One percent increase in the Corruption PerceptionIndex leads to a fall of the size of the shadow economy by around 0.18 percentage points, one percent increase in the Rule of Law indicator leads to a fall of the size of the shadow economy by around 0.52 percentage points and one percent
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 13th International Conference "ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES"
ISBN
978-80-248-3796-3
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
245-255
Publisher name
Vysoká škola báňská - Technická univerzita Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 2, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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