Growth, deficits and uncertainty: Theoretical aspects and empirical evidence from a panel of 27 countries

Goulas, Eleftherios; Zervoyianni, Athina

doi:10.1016/j.qref.2013.07.005

Cited by 13 publications

(2 citation statements)

References 60 publications

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“…Numerous studies have attempted to estimate the direct and indirect effects of crime on society's growth, including Kulmie, 2023;Aidt, 2011;McCollister et al (2010) and Anderson (1999). The results of some studies on financial crimes and socio-economic development report that financial crime has a very significant negative influence on economic growth (Jonathan et al, 2021;Koech, 2019;Detotto and Otranto, 2010;Cárdenas-Santamaría, 2007), while others like Goulas and Zervoyianni (2012) and Burnham et al (2004) concluded that the association between the financial crimes and socio-economic development is uncertain or even absent (Mauro and Carmeci, 2007;Ray et al, 2009).…”

Section: Introductionmentioning

confidence: 99%

Socioeconomic Consequences of Corruption and Financial Crimes

Kulmie,

Hilif,

Hussein

2023

IJEFI

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Corruption and financial crimes are major obstacles to the socioeconomic development of many countries in the world. This study employed descriptive research design to assess the socioeconomic consequences of these crimes. The data were collected through questionnaire from 200 respondents. The study results indicate that financial crimes and corruption both have significant socioeconomic consequences by destroying public confidences, weakening public service delivery such as education, health service, it also demolishes private sector particularly small business growth which ultimately affect employment level, GPD and, life expectancy, defeat culture, values, ethics of the society and finally eliminates trust, partnership and collaboration among business organization, public institutions, and society. Moreover, the socioeconomic consequences of these crimes include inequality and poverty in the country. The study recommends strengthening the capacity of public institutions, good governance, strengthening internal control systems, establishing effective monitoring frameworks, promoting accountability and transparency of the public sector, establishing legal frameworks and anti-corruption strategies, and supervision mechanisms in public institutions.

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Section: Introductionmentioning

confidence: 99%

Socioeconomic Consequences of Corruption and Financial Crimes

Kulmie,

Hilif,

Hussein

2023

IJEFI

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“…Ho and Yang (2013), however, argued that in a small open economy, imposing high capital income tax rates is a growth promoting approach only if the degree of integration with the world capital market is low. Examining the relationship in a panel of 27 European countries, Goulas and Zervoyianni (2013) suggested that a fiscal imbalance would adversely affect economic growth where this leads to the crowding-out of private investments and the distortion of products and financial markets.…”

Section: Introductionmentioning

confidence: 99%

The Nexus Between Tax Reformation, Financial Development and Economic Recovery: The Case of Malaysia

Taha

Šliogerienė

Loganathan

et al. 2018

Technological and Economic Development of Economy

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The main purpose of this paper is to establish the plausibility and the dynamic nexus between financial developments, economic growth and tax revenue in Malaysia. The analysis of these relationships is vital considering the instability of the global economy which has affected growth. In this study, we employed annual time series data covering the period of 1970–2015. Using advanced co-integration and causality analysis, we found strong evidence on the relationship between each of the examined variables. The results from this study provide evidence on the taxes-growth nexus for Malaysia. An inverted U-shaped relationship is found between financial development and tax collection, while a U-shape reflects the economic condition. The nexus between economic growth and tax revenue enhances fiscal policies in the creation of transparent and mature financial systems which will further boost the collection of government revenues in Malaysia. The results of this study may provide an avenue for researchers and policymakers to understand the nature of the relationship between the examined variables and further assist in the formulation of new policies for economic sustainability.

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Active labour-market policies and output growth: Is there a causal relationship?

Goulas

Zervoyianni

2018

Economic Modelling

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Copyright belongs to the author. Short sections of the text, not exceeding three paragraphs, can be used provided proper acknowledgement is given. The Rimini Centre for Economic Analysis (RCEA) was established in March 2007. RCEA is a private, nonprofit organization dedicated to independent research in Applied and Theoretical Economics and related fields. RCEA organizes seminars and workshops, sponsors a general interest journal The Review of Economic Analysis, and organizes a biennial conference: The Rimini Conference in Economics and Finance (RCEF). Scientific work contributed by the RCEA Scholars is published in the RCEA Working Papers and Professional Report series. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to The Rimini Centre for Economic Analysis.

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Growth, deficits and uncertainty: Theoretical aspects and empirical evidence from a panel of 27 countries

Cited by 13 publications

References 60 publications

Socioeconomic Consequences of Corruption and Financial Crimes

Socioeconomic Consequences of Corruption and Financial Crimes

The Nexus Between Tax Reformation, Financial Development and Economic Recovery: The Case of Malaysia

Active labour-market policies and output growth: Is there a causal relationship?

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