THE IMPACT OF ECONOMIC FREEDOM ON THE SHADOW ECONOMY: PANEL ANALYSIS
Öz
This study aims to find the relationship between economic freedom and the size of the shadow economy in 153 countries for the period between 1999 and 2013. Panel fixed effects (FEM) and panel random effects models (REM) are utilized based on the Hausman test results. Employment and economic freedom indicators are found to be in negative association with the size of the shadow economy. On the other hand, tax burden and employment positively affect the size of the shadow economy. The most effective freedom indicators on the shadow economy are overall economic freedom and business freedom, but the least effective is investment freedom.
Anahtar Kelimeler
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
11 Aralık 2019
Gönderilme Tarihi
30 Ekim 2019
Kabul Tarihi
11 Aralık 2019
Yayımlandığı Sayı
Yıl 2019 Cilt: 2019 Sayı: 2