SHADOW ECONOMY AND INSTITUTIONAL QUALITY RELATIONSHIP IN OECD COUNTRIES

Year 2018, Volume: 14 Issue: 1, 51 - 66, 01.01.2018

Erdoğan Teyyare

https://doi.org/10.17130/ijmeb.2018137573

Cited By: 4

Abstract

Shadow economy is described as an activities which are out of national income accounts by legal or illegal methods in spite of being in a countries’ economic activities. Behind economical, fiscal, legal and social factors, institutional factors also effect the size of shadow economy. Lower shadow economy is expected with higher institutional quality. In this study, institutional quality and shadow economy relationship in OECD countries is investigated for 2003-2013 period by panel data model GMM-system estimate approach. Evidence from estimation shows that institutional quality is an essential tool for prohibiting the shadow economy

Keywords

Shadow Economy, Institutional Quality, OECD, GMM-system

OECD ÜLKELERİNDE KAYIT DIŞI EKONOMİ VE KURUMSAL KALİTE İLİŞKİSİ

Abstract

Bir ülkenin iktisadi faaliyetleri içinde yer aldığı halde yasal veya yasal olmayan yöntemler ile milli gelir hesapları dışında kalan faaliyetler olarak ifade edilen kayıt dışı ekonominin ortaya çıkmasında iktisadi, mali, hukuki ve sosyal faktörlerin yanı sıra kurumsal faktörlerin de etkisi bulunmaktadır. Kurumsal kalite düzeyi daha iyi olan ülkelerde kayıt dışı ekonominin daha düşük olması beklenmektedir. Bu çalışmada OECD ülkelerinde kurumsal kalite kayıt dışı ekonomi ilişkisi 2003-2013 dönemi için panel veri modeli GMM-Sistem tahmin yaklaşımı ile analiz edilmiştir. Elde edilen bulgular kayıt dışının önlenmesinde kurumsal kalitenin önemli bir araç olduğunu göstermektedir.

Keywords

Kayıt Dışı Ekonomi, Kurumsal Kalite, OECD, GMM-sistem

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