Public governance and shadow economy in Central and Eastern European countries

Yilmaz Bayar ()
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Yilmaz Bayar: Associate Professor; Usak University; Uºak; Turkey

REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, 2016, vol. 2016, issue 27, 62-73

Abstract: Nearly all the countries face to shadow economy with different sizes and try to keep the shadow economy at a minimum level considering its possible negative impacts on their economies. This study researches the relationship among various indicators of public administration and shadow economy in 11 Central and Eastern European economies during 2003-2014 period employing panel regression. We found that improvements in public administration and EU membership affected shadow economy negatively, while crises affected shadow economy positively.

Keywords: Institutional development; shadow economy; panel regression; Central and Eastern European Countries. (search for similar items in EconPapers)
JEL-codes: C23 H11 H26 O17 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:rampas:v:2016:y:2016:i:27:p:62-73

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