Investigating the Determinants of the Shadow Economy: The Baltic Region

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dc.contributor.authorGokmenoglu, Korhan K.
dc.contributor.authorAmir, Aysel
dc.date.accessioned2026-02-06T18:44:00Z
dc.date.issued2023
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractThis study investigates the drivers of the shadow economy within the Baltic region, emphasizing the role of financial development, a missing feature from the extant literature. To this end, we analyzed an annual dataset covering the 2009-2019 period for Estonia, Latvia, and Lithuania using panel ARDL and obtained Pooled Mean Group (PMG) estimates. Empirical findings indicate that a rise in the tax burden, further financial development, and institutional development results in the expansion of the shadow economy. However, the establishment of the rule of law and political stability contribute to the contraction of the shadow economy.
dc.identifier.doi10.1080/00128775.2022.2163905
dc.identifier.endpage198
dc.identifier.issn0012-8775
dc.identifier.issn1557-9298
dc.identifier.issue2
dc.identifier.orcid0000-0003-2727-0425
dc.identifier.scopus2-s2.0-85146705934
dc.identifier.scopusqualityQ3
dc.identifier.startpage181
dc.identifier.urihttps://doi.org/10.1080/00128775.2022.2163905
dc.identifier.urihttps://hdl.handle.net/11129/13872
dc.identifier.volume61
dc.identifier.wosWOS:000912656500001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofEastern European Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.subjectShadow economy
dc.subjecttaxation
dc.subjectpanel ARDL
dc.subjectBaltic countries
dc.titleInvestigating the Determinants of the Shadow Economy: The Baltic Region
dc.typeArticle

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