Measuring the shadow economy and its drivers: the case of peripheral EMU countries
| Autor: | José Luis Alfonso Sánchez, Juan Sapena, Vicent Almenar |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Economics and Econometrics
european economic and monetary union Perspective (graphical) structural equation modelling lcsh:Regional economics. Space in economics lcsh:HD72-88 lcsh:HT388 lcsh:Economic growth development planning Shadow economy multiple indicators multiple causes models European Economic and Monetary Union shadow economy Economy Economics Shadow (psychology) |
| Zdroj: | Ekonomska Istraživanja, Vol 33, Iss 1, Pp 2904-2918 (2020) Economic research-Ekonomska istraživanja Volume 33 Issue 1 |
| ISSN: | 1848-9664 1331-677X |
| Popis: | We adopt a long-run perspective to investigate the size of the shadow economy and explore the trends in this area. The analysis is based on a panel of peripheral EMU countries over the period 1965-2015. Our empirical approach relies on a multiple indicators and multiple causes (MIMIC) framework. This approach is a variant of structural equation modelling (SEM). We used two sets of variables, (i.e. potential determinants and indicator variables) to estimate an underlying (unobserved) index that measures the evolution of the shadow economy. Ascertaining the relative importance of the shadow economy enabled analysis of its relationship with other institutional and social issues (e.g. corruption, productivity and economic growth), and helped identify the channels through which the shadow economy might negatively influence the performance of different economies. In the sampled countries, shadow activity increased over the study period. It also seemed to be affected by the economic cycle. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|