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OECD Ülkelerinde Küreselleşmenin Kayıt Dışı Ekonomi Üzerindeki Rolü: Momentler Kantil Regresyon Yönteminden Kanıtlar

Year 2023, , 104 - 128, 01.04.2023
https://doi.org/10.17153/oguiibf.1145945

Abstract

Bu çalışma, 1996 – 2018 dönemi için OECD ülkelerinde küreselleşmenin kayıt dışı ekonomi üzerindeki etkisini gelir, savunmasız istihdam, enflasyon ve ticari açıklığın rolünü dikkate alarak incelemektedir. Değişkenler arasındaki ilişkiler, bağımsız değişkenlerin etkisinin, kayıt dışı ekonominin dağılımı boyunca değişebileceği ihtimali göz önünde bulundurularak sabit etkilerle momentler kantil regresyon yöntemi ile incelenmiştir. Sonuçlar, küreselleşme ve gelir düzeyindeki artışın kayıt dışı ekonomi düzeyini düşürürken, kırılgan istihdam, enflasyon ve ticaret açıklığındaki artışın kayıt dışı ekonomi düzeyini artırdığını göstermektedir.

Supporting Institution

Bulunmamaktadır

Project Number

Bulunmamaktadır

References

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  • Ajide, F. M. (2021), "Shadow Economy in Africa: How Relevant Is Financial Inclusion?", Journal of Financial Regulation and Compliance, 29(3); 297-316.
  • Ateşağaoğlu, O. E.; Elgin, C.; Öztunali, O. (2018), "Determinants of the Informal Economy in MENA Economies", Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 19(1); 39-52.
  • Bacchetta, M.; Bustamante, J. P. (2009), "Globalization and Informal Jobs in Developing Countries: A Joint Study of the International Labour Office and the Secretariat of the World Trade Organization".
  • Baklouti, N.; Boujelbene, Y. (2016), "Impact of Government Size and Corruption on Economic Growth", International Journal of Accounting and Economics Studies, 4(2); 81-86.
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  • Baklouti, N.; Boujelbene, Y. (2020), "A Simultaneous Equation Model of Economic Growth and Shadow Economy: Is There a Difference Between the Developed and Developing Countries?", Economic Change and Restructuring, 53(1); 151-170.
  • Bayar, Y.; Öztürk, O. F. (2019), "Economic Freedom, Globalization, and the Shadow Economy in the European Union Transition Economies: A Panel Cointegration Analysis", Organizations and Markets in Emerging Economies, 10(2); 378-391.
  • Berdiev, A. N.; Saunoris, J. W. (2018), "Does Globalisation Affect the Shadow Economy?", The World Economy, 41(1); 222-241.
  • Binder, M.; Coad, A. (2011), "From Average Joe's Happiness to Miserable Jane and Cheerful John: Using Quantile Regressions to Analyze the Full Subjective Well-Being Distribution", Journal of Economic Behavior & Organization, 79(3); 275-290.
  • Blanton, R. G.; Early, B.; Peksen, D. (2018), "Out of The Shadows or Into the Dark? Economic Openness, IMF Programs, And the Growth of Shadow Economies", The Review of International Organizations, 13(2); 309-333. doi: 10.1007/s11558-018-9298-3.
  • Buehn, A.; Schneider, F. (2009), "Corruption and the Shadow Economy: A Structural Equation Model Approach", IZA Discussion Paper No. 4182.
  • Bui, Q.; Wang, Z.; Zhang, B.; Le, H. P.; Vu, K. D. (2021), "Revisiting the Biomass Energy-Economic Growth Linkage of BRICS Countries: A Panel Quantile Regression with Fixed Effects Approach", Journal of Cleaner Production, 316; 128382.
  • Canay, I. A. (2011), "A Simple Approach to Quantile Regression for Panel Data", The Econometrics Journal, 14(3); 368-386.
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  • Geronazzo, S. A. P. (2016), "Increased Trade Openness, Productivity, Employment and Wages: A Difference-In-Differences Approach", Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la UACJ, Universidad Autónoma de Ciudad Juárez, 32; 3-41.
  • Gharleghi, B.; Jahanshahi, A. A. (2020), "The Shadow Economy and Sustainable Development: The Role of Financial Development", Journal of Public Affairs, 20(3); e2099.
  • Goldberg, P. K.; Pavcnik, N. (2003), "The Response of The Informal Sector to Trade Liberalization". Journal of Development Economics, 72(2); 463-496.
  • Gygli, S.; Haelg, F.; Potrafke, N.; Sturm, J.-E. (2019), "The KOF Globalisation Index – Revisited". The Review of International Organizations, 14(3); 543-574. doi: 10.1007/s11558-019-09344-2.
  • Hoang, H. (2020), "The Underground Economy in Transition Countries From The Perspective Of Globalization: The Case Of Vietnam", Amazonia Investiga, 9(29); 234-242.
  • Ihrig, J.; Moe, K. S. (2004), "Lurking in The Shadows: The Informal Sector and Government Policy", Journal of Development Economics, 73(2); 541-557.
  • Irani, F.; Noruzi, M. R. (2011), "Globalization and Challenges; What are the Globalization’s Contemporary Issues" International Journal of Humanities and Social Science, 1(6); 216-218.
  • Kato, K.; F. Galvao, A.; Montes-Rojas, G. V. (2012), "Asymptotics for Panel Quantile Regression Models with Individual Effects". Journal of Econometrics, 170(1); 76-91. doi: https://doi.org/10.1016/j.jeconom.2012.02.007.
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  • Khan, S.; Hamid, B. A.; Rehman, M. Z. (2021), "Determinants of Shadow Economy in OIC And Non-OIC Countries: The Role of Financial Development", International Journal of Emerging Markets.
  • Koenker, R. (2004), "Quantile Regression for Longitudinal Data", Journal of Multivariate Analysis, 91(1); 74-89.
  • Koenker, R.; Bassett, G. (1978), "Regression Quantiles", Econometrica: Journal of the Econometric Society; 33-50.
  • Koenker, R.; Hallock, K. F. (2001), "Quantile Regression". Journal of Economic Perspectives, 15(4); 143-156.
  • Lamarche, C. (2010), "Robust Penalized Quantile Regression Estimation for Panel Data", Journal of Econometrics, 157(2); 396-408. doi: https://doi.org/10.1016/j.jeconom.2010.03.042.
  • Law, S. H.; Azman-Saini, W.; Tan, H. B. (2014), "Economic Globalization and Financial Development in East Asia: A Panel Cointegration and Causality Analysis", Emerging Markets Finance and Trade, 50(1); 210-225.
  • Liu, Y.; Adejumo, A. V.; Adejumo, O. O.; Aderemi, T. A. (2022), "Globalization and Economic Growth: A Sustainability Analysis for South Asia Countries", Global Policy, 1-16.
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  • Machado, J. A.; Silva, J. S. (2019), "Quantiles Via Moments", Journal of Econometrics, 213(1); 145-173.
  • Manolas, G.; Rontos, K.; Sfakianakis, G.; Vavouras, I. (2013), "The Determinants of The Shadow Economy: The Case of Greece", International Journal of Criminology and Sociological Theory, 6(1); 1036-1047.
  • Mazhar, U.; Méon, P.-G. (2017), "Taxing the Unobservable: The Impact of the Shadow Economy on Inflation and Taxation", World Development, 90; 89-103.
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  • Melitz, M. J. (2003), "The Impact of Trade on Intra‐Industry Reallocations and Aggregate Industry Productivity", Econometrica, 71(6); 1695-1725.
  • Mishkin, F. S. (2009), "Globalization and Financial Development", Journal Of Development Economics, 89(2); 164-169. Navickas, M.; Juščius, V.; Navickas, V. (2019), "Determinants of Shadow Economy in Eastern European Countries", Scientific Annals of Economics and Business, 66(1); 1-14.
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The Role of Globalization on the Shadow Economy in OECD Countries: Evidence from Method of Moments Quantile Regression

Year 2023, , 104 - 128, 01.04.2023
https://doi.org/10.17153/oguiibf.1145945

Abstract

The current research investigates the effect of globalization on the shadow economy in OECD countries while considering the role of income, vulnerable employment, inflation, and trade openness for the period 1996 – 2018. Considering the possibility that the impact of independent variables may vary throughout the distribution of the shadow economy, the correlations between the variables are studied by the method of moments quantile regression with fixed effects. The results show that the increase in globalization and income decreases the shadow economy size, while the increase in vulnerable employment, inflation, and trade openness increases the level of the shadow economy.

Project Number

Bulunmamaktadır

References

  • Acosta-González, E.; Fernández-Rodríguez, F.; Sosvilla-Rivero, S. (2014), "An Empirical Examination of the Determinants of the Shadow Economy", Applied Economics Letters, 21(5); 304-307.
  • Ajide, F. M. (2021), "Shadow Economy in Africa: How Relevant Is Financial Inclusion?", Journal of Financial Regulation and Compliance, 29(3); 297-316.
  • Ateşağaoğlu, O. E.; Elgin, C.; Öztunali, O. (2018), "Determinants of the Informal Economy in MENA Economies", Eskişehir Osmangazi Üniversitesi Sosyal Bilimler Dergisi, 19(1); 39-52.
  • Bacchetta, M.; Bustamante, J. P. (2009), "Globalization and Informal Jobs in Developing Countries: A Joint Study of the International Labour Office and the Secretariat of the World Trade Organization".
  • Baklouti, N.; Boujelbene, Y. (2016), "Impact of Government Size and Corruption on Economic Growth", International Journal of Accounting and Economics Studies, 4(2); 81-86.
  • Baklouti, N.; Boujelbene, Y. (2019), "The Economic Growth–Inflation–Shadow Economy Trilogy: Developed Versus Developing Countries", International Economic Journal, 33(4); 679-695.
  • Baklouti, N.; Boujelbene, Y. (2020), "A Simultaneous Equation Model of Economic Growth and Shadow Economy: Is There a Difference Between the Developed and Developing Countries?", Economic Change and Restructuring, 53(1); 151-170.
  • Bayar, Y.; Öztürk, O. F. (2019), "Economic Freedom, Globalization, and the Shadow Economy in the European Union Transition Economies: A Panel Cointegration Analysis", Organizations and Markets in Emerging Economies, 10(2); 378-391.
  • Berdiev, A. N.; Saunoris, J. W. (2018), "Does Globalisation Affect the Shadow Economy?", The World Economy, 41(1); 222-241.
  • Binder, M.; Coad, A. (2011), "From Average Joe's Happiness to Miserable Jane and Cheerful John: Using Quantile Regressions to Analyze the Full Subjective Well-Being Distribution", Journal of Economic Behavior & Organization, 79(3); 275-290.
  • Blanton, R. G.; Early, B.; Peksen, D. (2018), "Out of The Shadows or Into the Dark? Economic Openness, IMF Programs, And the Growth of Shadow Economies", The Review of International Organizations, 13(2); 309-333. doi: 10.1007/s11558-018-9298-3.
  • Buehn, A.; Schneider, F. (2009), "Corruption and the Shadow Economy: A Structural Equation Model Approach", IZA Discussion Paper No. 4182.
  • Bui, Q.; Wang, Z.; Zhang, B.; Le, H. P.; Vu, K. D. (2021), "Revisiting the Biomass Energy-Economic Growth Linkage of BRICS Countries: A Panel Quantile Regression with Fixed Effects Approach", Journal of Cleaner Production, 316; 128382.
  • Canay, I. A. (2011), "A Simple Approach to Quantile Regression for Panel Data", The Econometrics Journal, 14(3); 368-386.
  • Canh, N. P.; Thanh, S. D. (2020), "Financial Development and The Shadow Economy: A Multi-Dimensional Analysis", Economic Analysis and Policy, 67; 37-54.
  • Canh, P. N.; Schinckus, C.; Dinh Thanh, S. (2021), "What Are the Drivers of Shadow Economy? A Further Evidence of Economic Integration and Institutional Quality", The Journal of International Trade & Economic Development, 30(1); 47-67.
  • Carr, M.; Chen, M. A. (2002), Globalization and The Informal Economy: How Global Trade and Investment Impact on The Working Poor: International Labour Office Geneva.
  • Dell’Anno, R. (2016), "Analyzing the Determinants of The Shadow Economy with A “Separate Approach”. An Application of The Relationship Between Inequality and The Shadow Economy", World Development, 84; 342-356.
  • Eilat, Y.; Zinnes, C. (2002), "The Shadow Economy in Transition Countries: Friend or Foe? A Policy Perspective", World Development, 30(7); 1233-1254.
  • Elgin, C. (2020), "Shadow Economies Around the World: Evidence from Metropolitan Areas", Eastern Economic Journal, 46(2); 301-322.
  • Elgin, C.; Kose, M. A.; Ohnsorge, F.; Yu, S. (2021), Understanding Informality CERP Discussion Paper. London: Centre for Economic Policy Research.
  • Elgin, C.; Schneider, F. (2016), "Shadow Economies in OECD Countries: DGE Vs. MIMIC Approaches", Bogazici Journal, 30(1); 51-75.
  • Esaku, S. (2021), "The Long-And Short-Run Relationship Between the Shadow Economy and Trade Openness in Uganda", Cogent Economics & Finance, 9(1); 1930886.
  • Farzanegan, M. R.; Hassan, M. (2017), "The Impact of Economic Globalization on the Shadow Economy In Egypt", CESifo Working Paper No. 6424.
  • Fugazza, M.; Fiess, N. M. (2010), "Trade Liberalization and Informality: New Stylized Facts", UN Policy Issues in International Trade and Commodities Study Series (43): 1-38.
  • Galvao, A. F. (2011), "Quantile Regression for Dynamic Panel Data with Fixed Effects", Journal of Econometrics, 164(1); 142-157. doi: https://doi.org/10.1016/j.jeconom.2011.02.016.
  • Galvao, A. F.; Wang, L. (2015), "Efficient Minimum Distance Estimator for Quantile Regression Fixed Effects Panel Data", Journal of Multivariate Analysis, 133; 1-26. doi: https://doi.org/10.1016/j.jmva.2014.08.007.
  • Geronazzo, S. A. P. (2016), "Increased Trade Openness, Productivity, Employment and Wages: A Difference-In-Differences Approach", Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la UACJ, Universidad Autónoma de Ciudad Juárez, 32; 3-41.
  • Gharleghi, B.; Jahanshahi, A. A. (2020), "The Shadow Economy and Sustainable Development: The Role of Financial Development", Journal of Public Affairs, 20(3); e2099.
  • Goldberg, P. K.; Pavcnik, N. (2003), "The Response of The Informal Sector to Trade Liberalization". Journal of Development Economics, 72(2); 463-496.
  • Gygli, S.; Haelg, F.; Potrafke, N.; Sturm, J.-E. (2019), "The KOF Globalisation Index – Revisited". The Review of International Organizations, 14(3); 543-574. doi: 10.1007/s11558-019-09344-2.
  • Hoang, H. (2020), "The Underground Economy in Transition Countries From The Perspective Of Globalization: The Case Of Vietnam", Amazonia Investiga, 9(29); 234-242.
  • Ihrig, J.; Moe, K. S. (2004), "Lurking in The Shadows: The Informal Sector and Government Policy", Journal of Development Economics, 73(2); 541-557.
  • Irani, F.; Noruzi, M. R. (2011), "Globalization and Challenges; What are the Globalization’s Contemporary Issues" International Journal of Humanities and Social Science, 1(6); 216-218.
  • Kato, K.; F. Galvao, A.; Montes-Rojas, G. V. (2012), "Asymptotics for Panel Quantile Regression Models with Individual Effects". Journal of Econometrics, 170(1); 76-91. doi: https://doi.org/10.1016/j.jeconom.2012.02.007.
  • Katsios, S. (2006), "The Shadow Economy and Corruption in Greece". South-Eastern Europe Journal of Economics, 1; 61-80. Kaufmann, D.; Kaliberda, A. (1996), "Integrating the Unofficial Economy into the Dynamics of Post-Socialist Economies". Economic Transition in Russia and The New States of Eurasia, 8; 81-120.
  • Khan, S.; Hamid, B. A.; Rehman, M. Z. (2021), "Determinants of Shadow Economy in OIC And Non-OIC Countries: The Role of Financial Development", International Journal of Emerging Markets.
  • Koenker, R. (2004), "Quantile Regression for Longitudinal Data", Journal of Multivariate Analysis, 91(1); 74-89.
  • Koenker, R.; Bassett, G. (1978), "Regression Quantiles", Econometrica: Journal of the Econometric Society; 33-50.
  • Koenker, R.; Hallock, K. F. (2001), "Quantile Regression". Journal of Economic Perspectives, 15(4); 143-156.
  • Lamarche, C. (2010), "Robust Penalized Quantile Regression Estimation for Panel Data", Journal of Econometrics, 157(2); 396-408. doi: https://doi.org/10.1016/j.jeconom.2010.03.042.
  • Law, S. H.; Azman-Saini, W.; Tan, H. B. (2014), "Economic Globalization and Financial Development in East Asia: A Panel Cointegration and Causality Analysis", Emerging Markets Finance and Trade, 50(1); 210-225.
  • Liu, Y.; Adejumo, A. V.; Adejumo, O. O.; Aderemi, T. A. (2022), "Globalization and Economic Growth: A Sustainability Analysis for South Asia Countries", Global Policy, 1-16.
  • Luong, T. T. H.; Nguyen, T. M.; Nguyen, T. A. N. (2020), "Rule of Law, Economic Growth and Shadow Economy in Transition Countries", The Journal of Asian Finance, Economics and Business, 7(4); 145-154.
  • Machado, J. A.; Silva, J. S. (2019), "Quantiles Via Moments", Journal of Econometrics, 213(1); 145-173.
  • Manolas, G.; Rontos, K.; Sfakianakis, G.; Vavouras, I. (2013), "The Determinants of The Shadow Economy: The Case of Greece", International Journal of Criminology and Sociological Theory, 6(1); 1036-1047.
  • Mazhar, U.; Méon, P.-G. (2017), "Taxing the Unobservable: The Impact of the Shadow Economy on Inflation and Taxation", World Development, 90; 89-103.
  • Medina, L.; Schneider, M. F. (2018), Shadow Economies Around The World: What Did We Learn Over The Last 20 Years?: International Monetary Fund.
  • Melitz, M. J. (2003), "The Impact of Trade on Intra‐Industry Reallocations and Aggregate Industry Productivity", Econometrica, 71(6); 1695-1725.
  • Mishkin, F. S. (2009), "Globalization and Financial Development", Journal Of Development Economics, 89(2); 164-169. Navickas, M.; Juščius, V.; Navickas, V. (2019), "Determinants of Shadow Economy in Eastern European Countries", Scientific Annals of Economics and Business, 66(1); 1-14.
  • Nguyen, C. P.; Su, T. D. (2021), "When ‘Uncertainty’becomes ‘Unknown’: Influences of Economic Uncertainty on the Shadow Economy", Annals of Public and Cooperative Economics.
  • Nguyen, D. V.; Duong, M. T. H. (2021), "Shadow Economy, Corruption and Economic Growth: An Analysis of BRICS Countries", The Journal of Asian Finance, Economics and Business, 8(4); 665-672.
  • OECD. (2012). Reducing Opportunities for Tax Non-Compliance in The Underground Economy: OECD Paris.
  • OECD. (2017). Shining Light on The Shadow Economy: Opportunities and Threats: OECD Paris.
  • Ouédraogo, I. M. (2017), "Governance, Corruption, and the Informal Economy", Modern Economy, 8(02); 256.
  • Pata, U. K.; Ela, M. (2021), "Türkiye’de Beşeri Sermaye ve Küreselleşmenin Kayıt Dışı Ekonomi Üzerindeki Etkileri: Fourier-ADL Yaklaşımı", Bingöl Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 5(2); 125-152.
  • Paz, L. S. (2014), "The Impacts of Trade Liberalization on Informal Labor Markets: A Theoretical and Empirical Evaluation of the Brazilian Case", Journal of International Economics, 92(2); 330-348.
  • Pesaran, M. H. (2004). General Diagnostic Tests for Cross Section Dependence in Panels: CESifo Working Paper.
  • Pesaran, M. H. (2007), "A Simple Panel Unit Root Test in the Presence of Cross‐Section Dependence", Journal of Applied Econometrics, 22(2); 265-312.
  • Pesaran, M. H.; Ullah, A.; Yamagata, T. (2008), "A Bias‐Adjusted LM Test of Error Cross‐Section Independence", The Econometrics Journal, 11(1); 105-127.
  • Pham, T. H. H. (2017), "Impacts of Globalization on The Informal Sector: Empirical Evidence from Developing Countries", Economic Modelling, 62; 207-218.
  • Potrafke, N. (2013), "Globalization and Labor Market Institutions: International Empirical Evidence". Journal of Comparative Economics, 41(3); 829-842.
  • Powell, D. (2016), "Quantile Regression with Nonadditive Fixed Effects", Quantile Treatment Effects, 1(28); 1-33. Schneider, F. (2004), "The Size of The Shadow Economies Of 145 Countries All Over the World: First Results Over the Period 1999 To 2003", Available at SSRN 636661.
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There are 72 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Murat Eren 0000-0002-3855-5429

Project Number Bulunmamaktadır
Publication Date April 1, 2023
Submission Date July 20, 2022
Published in Issue Year 2023

Cite

APA Eren, M. (2023). OECD Ülkelerinde Küreselleşmenin Kayıt Dışı Ekonomi Üzerindeki Rolü: Momentler Kantil Regresyon Yönteminden Kanıtlar. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 18(1), 104-128. https://doi.org/10.17153/oguiibf.1145945