HOW PARTICIPATING IN THE SHADOW ECONOMY AFFECTS THE GROWTH OF LATVIAN FIRMS
Irakli Barbakadze and
No 101, University of Tartu - Faculty of Economics and Business Administration Working Paper Series from Faculty of Economics and Business Administration, University of Tartu (Estonia)
This paper examines the relationship between the growth of Latvian firms and their involvement in the shadow economy in 2015. When up to 10% of the overall economic activity of firms is in the shadow economy, this had a growth-enhancing effect on firms that recorded non-positive growth during the last five years. Using the perceptions of corruption and interview languages as instruments of measuring the shadow economy participation rate, the authors conclude that there is a positive relationship between perceptions of corruption and the shadow economy participation rate.
Keywords: Shadow Economy; Firm Growth; Company Managers; Latvia (search for similar items in EconPapers)
JEL-codes: O17 E26 E24 J46 J28 D22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-iue, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:mtk:febawb:101
Access Statistics for this paper
More papers in University of Tartu - Faculty of Economics and Business Administration Working Paper Series from Faculty of Economics and Business Administration, University of Tartu (Estonia) Contact information at EDIRC.
Bibliographic data for series maintained by Anne Reino ().