{"id":12004,"date":"2026-05-22T09:59:13","date_gmt":"2026-05-22T09:59:13","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=12004"},"modified":"2026-05-22T10:01:29","modified_gmt":"2026-05-22T10:01:29","slug":"technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/","title":{"rendered":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Authors: Viorela Ligia V\u0103idean, Patricia-Larisa Voie<\/p>

Vol. 11 \u2022 No. 20 \u2022 May 2026<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView abstract PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\n\t\t\t\t<\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tView article PDF\t\t\t\t\t<\/a>\n\t\t\t\t<\/h6>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Abstract<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

The purpose of this paper is to investigate the influence of various technology proxies on the size of the economic and financial crime. Our study uses data for the member states of the European Union throughout the 2005-2022 time-period. The methodology involves a linear and a quadratic approach of the data as well. This study demonstrates a nonlinear (quadratic) relationship between digitalization and economic and financial crime in the European Union, highlighting the existence of a threshold beyond which technological development reduces crime. Several robustness assessments show that our major findings are generally stable to alternative model specifications and proxy variables. This study might be extremely useful to states\u2019 decision-makers, governmental organizations and non-governmental enterprises. Our findings highlight the importance of advancing digital infrastructure alongside regulatory and institutional capacity to effectively combat technology-enabled crime.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Keywords: <\/strong>corruption, shadow economy, money laundering, information and communication technology, digitalization.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

JEL Classification:<\/strong> K42, O33, C23.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

DOI:\u00a0<\/strong><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t
\n\n \n\n
\n\n \n BACK<\/span>\n\n <\/div>\n <\/a>\n <\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Authors: Viorela Ligia V\u0103idean, Patricia-Larisa Voie Vol. 11 \u2022 No. 20 \u2022 May 2026 View abstract PDF View article PDF Abstract The purpose of this paper is to investigate the influence of various technology proxies on the size of the economic and financial crime. Our study uses data for the member states of the European …<\/p>\n

TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION<\/span> Read More »<\/a><\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[189],"tags":[],"yoast_head":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/revista.isfin.ro\/en\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Authors: Viorela Ligia V\u0103idean, Patricia-Larisa Voie Vol. 11 \u2022 No. 20 \u2022 May 2026 View abstract PDF View article PDF Abstract The purpose of this paper is to investigate the influence of various technology proxies on the size of the economic and financial crime. Our study uses data for the member states of the European … TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-22T09:59:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-22T10:01:29+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ri_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/revista.isfin.ro\/#website\",\"url\":\"https:\/\/revista.isfin.ro\/\",\"name\":\"Revista de Studii Financiare\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/revista.isfin.ro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/\",\"name\":\"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare\",\"isPartOf\":{\"@id\":\"https:\/\/revista.isfin.ro\/#website\"},\"datePublished\":\"2026-05-22T09:59:13+00:00\",\"dateModified\":\"2026-05-22T10:01:29+00:00\",\"author\":{\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\"},\"breadcrumb\":{\"@id\":\"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Prima pagin\\u0103\",\"item\":\"https:\/\/revista.isfin.ro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\",\"name\":\"ri_admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/revista.isfin.ro\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g\",\"caption\":\"ri_admin\"},\"sameAs\":[\"http:\/\/Revista%20ISFIN\"],\"url\":\"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/\"}]}<\/script>","yoast_head_json":{"title":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/revista.isfin.ro\/en\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/","og_locale":"en_GB","og_type":"article","og_title":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare","og_description":"Authors: Viorela Ligia V\u0103idean, Patricia-Larisa Voie Vol. 11 \u2022 No. 20 \u2022 May 2026 View abstract PDF View article PDF Abstract The purpose of this paper is to investigate the influence of various technology proxies on the size of the economic and financial crime. Our study uses data for the member states of the European … TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION Read More »","og_url":"https:\/\/revista.isfin.ro\/en\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/","og_site_name":"Revista de Studii Financiare","article_published_time":"2026-05-22T09:59:13+00:00","article_modified_time":"2026-05-22T10:01:29+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ri_admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/revista.isfin.ro\/#website","url":"https:\/\/revista.isfin.ro\/","name":"Revista de Studii Financiare","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/revista.isfin.ro\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#webpage","url":"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/","name":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT - A QUADRATIC APPROACH FOR THE EUROPEAN UNION - Revista de Studii Financiare","isPartOf":{"@id":"https:\/\/revista.isfin.ro\/#website"},"datePublished":"2026-05-22T09:59:13+00:00","dateModified":"2026-05-22T10:01:29+00:00","author":{"@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c"},"breadcrumb":{"@id":"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/revista.isfin.ro\/2026\/05\/22\/technology-as-an-economic-and-financial-crime-determinant-a-quadratic-approach-for-the-european-union\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Prima pagin\u0103","item":"https:\/\/revista.isfin.ro\/"},{"@type":"ListItem","position":2,"name":"TECHNOLOGY AS AN ECONOMIC AND FINANCIAL CRIME DETERMINANT – A QUADRATIC APPROACH FOR THE EUROPEAN UNION"}]},{"@type":"Person","@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c","name":"ri_admin","image":{"@type":"ImageObject","@id":"https:\/\/revista.isfin.ro\/#personlogo","inLanguage":"en-GB","url":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bc19f50ceb5e198ffca0e5aa08b76935?s=96&d=mm&r=g","caption":"ri_admin"},"sameAs":["http:\/\/Revista%20ISFIN"],"url":"https:\/\/revista.isfin.ro\/en\/author\/ri_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12004"}],"collection":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/comments?post=12004"}],"version-history":[{"count":19,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12004\/revisions"}],"predecessor-version":[{"id":12023,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/12004\/revisions\/12023"}],"wp:attachment":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/media?parent=12004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/categories?post=12004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/tags?post=12004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}