{"id":8422,"date":"2024-11-06T10:59:07","date_gmt":"2024-11-06T10:59:07","guid":{"rendered":"https:\/\/revista.isfin.ro\/?p=8422"},"modified":"2024-11-19T11:35:25","modified_gmt":"2024-11-19T11:35:25","slug":"unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis","status":"publish","type":"post","link":"https:\/\/revista.isfin.ro\/en\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/","title":{"rendered":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS"},"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: Mihai-Adrian Achim, Codru\u021ba Mare<\/p>

Vol. 9 \u2022 No. 17 \u2022 2024<\/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 paper addresses the topic of the shadow economy and the socio-economic factors that influence it. By reviewing relevant studies, we will observe that a variety of factors play a role in shaping this economy. Using a dataset comprising 50 countries from around the world, monitored over 13 years, we conducted an analysis to determine which of the discussed factors most significantly impact the level of the shadow economy. The OLS model shows a positive relationship between income inequality, the unemployment rate and the shadow economy and a negative relationship between the World Governance Index, income inequality and the shadow economy. We will find that this model will have autocorrelation problems that might influence the significance of the coefficients. Our main model (the GMM one) addresses autocorrelation and heteroskedasticity but shows some different outcomes. The findings can serve as a valuable resource for other researchers or even governments, helping to identify what changes are needed to reduce the share of the shadow economy. By the end of this research, we will have identified the key areas that need enhancement and growth to effectively address and reduce the shadow economy.<\/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> Shadow economy, income inequality, economic development, public governance, GMM.<\/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> O430, K23, E62, E64.<\/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: <\/strong>10.55654\/JFS.2024.9.17.01<\/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: Mihai-Adrian Achim, Codru\u021ba Mare Vol. 9 \u2022 No. 17 \u2022 2024 View abstract PDF View article PDF Abstract The paper addresses the topic of the shadow economy and the socio-economic factors that influence it. By reviewing relevant studies, we will observe that a variety of factors play a role in shaping this economy. Using …<\/p>\n

UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS<\/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":[184],"tags":[],"yoast_head":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - 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\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - Revista de Studii Financiare\" \/>\n<meta property=\"og:description\" content=\"Authors: Mihai-Adrian Achim, Codru\u021ba Mare Vol. 9 \u2022 No. 17 \u2022 2024 View abstract PDF View article PDF Abstract The paper addresses the topic of the shadow economy and the socio-economic factors that influence it. By reviewing relevant studies, we will observe that a variety of factors play a role in shaping this economy. Using … UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/revista.isfin.ro\/en\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"Revista de Studii Financiare\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T10:59:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-19T11:35:25+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\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#webpage\",\"url\":\"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/\",\"name\":\"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - Revista de Studii Financiare\",\"isPartOf\":{\"@id\":\"https:\/\/revista.isfin.ro\/#website\"},\"datePublished\":\"2024-11-06T10:59:07+00:00\",\"dateModified\":\"2024-11-19T11:35:25+00:00\",\"author\":{\"@id\":\"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c\"},\"breadcrumb\":{\"@id\":\"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Prima pagin\\u0103\",\"item\":\"https:\/\/revista.isfin.ro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS\"}]},{\"@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":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - 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\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/","og_locale":"en_GB","og_type":"article","og_title":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - Revista de Studii Financiare","og_description":"Authors: Mihai-Adrian Achim, Codru\u021ba Mare Vol. 9 \u2022 No. 17 \u2022 2024 View abstract PDF View article PDF Abstract The paper addresses the topic of the shadow economy and the socio-economic factors that influence it. By reviewing relevant studies, we will observe that a variety of factors play a role in shaping this economy. Using … UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS Read More »","og_url":"https:\/\/revista.isfin.ro\/en\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/","og_site_name":"Revista de Studii Financiare","article_published_time":"2024-11-06T10:59:07+00:00","article_modified_time":"2024-11-19T11:35:25+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\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#webpage","url":"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/","name":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS - Revista de Studii Financiare","isPartOf":{"@id":"https:\/\/revista.isfin.ro\/#website"},"datePublished":"2024-11-06T10:59:07+00:00","dateModified":"2024-11-19T11:35:25+00:00","author":{"@id":"https:\/\/revista.isfin.ro\/#\/schema\/person\/cb451c6ce2c3ed0e695a33cff252c24c"},"breadcrumb":{"@id":"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/revista.isfin.ro\/2024\/11\/06\/unveiling-the-factors-behind-the-shadow-economy-a-global-investigation-utilizing-panel-data-analysis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Prima pagin\u0103","item":"https:\/\/revista.isfin.ro\/"},{"@type":"ListItem","position":2,"name":"UNVEILING THE FACTORS BEHIND THE SHADOW ECONOMY: A GLOBAL INVESTIGATION UTILIZING PANEL DATA ANALYSIS"}]},{"@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\/8422"}],"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=8422"}],"version-history":[{"count":22,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/8422\/revisions"}],"predecessor-version":[{"id":8875,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/posts\/8422\/revisions\/8875"}],"wp:attachment":[{"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/media?parent=8422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/categories?post=8422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/revista.isfin.ro\/en\/wp-json\/wp\/v2\/tags?post=8422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}