This study aims to determine the factors leading to the underground economy (UE) for G7 countries. During the 11-year period since the 2007-2008 financial crisis, the factors determined by the informal economy were investigated. For this reason, the analysis covers the years 2007-2017. Studies within the grouped country are extremely limited. To date, few studies have been carried out in the European Union, the European Euro Area and the developed countries, whose framework is unclear. The literature is in need of extensive research areas in this field. Within the scope of both developed countries, developing countries and underdeveloped countries, there are areas suitable for research and missing. Analyzes in accordance with newly developed techniques are also needed for determining variables. Especially in the determination of the variables in the MIMIC model, which is the most reliable method in the quantitative field, the use of new techniques should be an inevitable trend. In this respect, analyzing the variables to be selected in the models in terms of multiple connections is one of the most important elements that was not emphasized before. In the literature, there are studies both on country basis and within country groups. The literature is progressing mostly in the field of single country. MIMIC model was chosen as the method in the study. The results obtained show that the most important reason of UE in G7 countries is the external migration factor.
Primary Language | Turkish |
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Subjects | Economics |
Journal Section | Makaleler |
Authors | |
Publication Date | April 30, 2020 |
Acceptance Date | April 30, 2020 |
Published in Issue | Year 2020 Volume: 5 Issue: 1 |