Impact of Shadow Economy on Quality of Life: Indicators and Model Selection

Киреенко, Анна Павловна; Nevzorova, Ekaterina N.

doi:10.1016/s2212-5671(15)00770-4

Cited by 21 publications

(12 citation statements)

References 13 publications

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“…in general the scale of the shadow economy is higher in regions with lower life expectancy. Similar results were obtained in our previous study (Kireenko A., Nevzorova E. (2015) [13]). The effect of this factor is greatest in a panel regression model that takes into account spatial effects, but does not take into account temporal effects.…”

Section: Discussionsupporting

confidence: 92%

How the Inefficiency of Executive Bodies’ Performance Reflects the Size of Shadow Economy (The Case of the Russian Federation Regions)

Nevzorova¹,

Киреенко²

2020

Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

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The article reveals how the size shadow economy interacts with the indicators of executive bodies' performance. The theoretical framework of the study is the set of research publications proved the impact of public institutions on the size of shadow economy. The empirical basis of the study is the evaluation of the shadow economy in the regions of the Russian Federation, made by the authors according to Russian Statistic Agency data. The authors study the statistical relationship between the size of the shadow economy in the regions of the Russian Federation and several indicators of the executive bodies performance. The sample consists of 1032 observations for the period from 2004 to 2016. The research methodology includes correlation analysis and cluster data analysis. There was found a negative relationship between the size of the shadow economy and the number of executive bodies' employees per 10,000 of the permanent population. It was found a positive relationship between the size of the shadow economy and the share of population with cash incomes below the subsistence minimum and the level of migration; a weak negative relationship with life expectancy at birth; no significant correlation with the level of unemployment. There were revealed notable tendencies in variables' values (across space and time), that effect on relationship between independent variables and the scale of the shadow economy across regions.

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Section: Discussionsupporting

confidence: 92%

How the Inefficiency of Executive Bodies’ Performance Reflects the Size of Shadow Economy (The Case of the Russian Federation Regions)

Nevzorova¹,

Киреенко²

2020

Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

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“…Child labor is unskilled labor so the phenomena of informal sector increases the demand for child labor. Kireenko and Nevzorova (2015) evidenced that share of the informal economy as a percentage of GDP increases the rate of out of school children.…”

Section: Child Labormentioning

confidence: 99%

Informal Sector Economy, Child Labor and Economic Growth in Developing Economies: Exploring the Interlinkages

Shahid

Khan

2020

Asian Development Policy Review

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The study explores the interlinkages among informal sector, child labor and economic growth covering 50 developing economies for the time period 2001-2015 through 3SLS approach. The results show that informal sector positively influences child labor and child labor positively influences informal sector. It creates a vicious cycle of underdevelopment and poverty. Similarly child labor positively contributes in economic growth and economic growth enhances child labor in developing economies. However, informal sector increases economic growth but economic growth decreases informal sector. So there emerged a complex and discoursing interlinkage among informal sector, child labor and economic growth in developing economies. The informal sector is positively influenced by population growth. Child labor is also positively influenced by population growth and age dependency but negatively by globalization. Economic growth is positively influenced by capital formation, globalization and governance. A multidimensional approach is required for decreasing the size of informal sector economy and eliminating the child labor along with having good economic growth. Control of population growth is emerged one of them which may slide down informal sector economy and child labor. The capital formation and governance may be a part of the policy framework for economic growth. Contribution/ Originality: The study contributes to existing literature by estimating of relationship among informal sector, child labor and economic growth for a panel of developing economies. In the literature the simultaneous linkage among these variables was non-existent and the directions of relationship were varying between any of the two variables.

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“…The findings indicated that both small and large sizes of shadow economy had relationship with little growth in GDP per capita while the medium sizes of informal economy could be associated with higher levels of growth in GDP per capita. Kireenko and Nevzorova (2015) examined the impact of shadow economy on the level and quality of life using samples from 150 countries and for a period from 1999-2007. In order to achieve the objective of the study, the population growth rate, unemployment rate and life expectancy at birth and out of school rate for children were the indicators used.…”

Section: Empirical Reviewmentioning

confidence: 99%

The Financial and Economic Implications of Underground Economy: The Nigerian Perspective

Omodero¹

2019

Academic Journal of Interdisciplinary Studies

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The economic and financial effect of underground economy in all emerging countries is of tremendous concern. Sometimes due to the inputs of the sector to economic growth of nations, it is usually assumed that the government has nothing to lose, meanwhile it goes beyond the seemingly economic benefits, but provides an avenue whereby the government has to suffer financial losses through unavoidable and inherent tax evasions. This study evaluates the impact of shadow economy using the transaction approach and the MIMIC approach which helped to determine the size of the shadow economy as a percentage of GDP and the tax revenue losses suffered by the government for a period spanning from 1991 to 2018. Ordinary least squares method is used to examine the impact of tax revenue earned and lost on Nigeria’s GDP. The regression results indicate that tax revenue earned has a significant positive impact on economic growth, while the tax revenue loss has a significant negative influence on GDP. The study finds that underground economy activities do more harm to the government than good and is also detrimental to Nigeria’s economic progress. Therefore the suggestion among others is that the legal activities among them should be formalized and taxed while the unlawful ones should be exterminated.

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Impact of Shadow Economy on Quality of Life: Indicators and Model Selection

Cited by 21 publications

References 13 publications

How the Inefficiency of Executive Bodies’ Performance Reflects the Size of Shadow Economy (The Case of the Russian Federation Regions)

How the Inefficiency of Executive Bodies’ Performance Reflects the Size of Shadow Economy (The Case of the Russian Federation Regions)

Informal Sector Economy, Child Labor and Economic Growth in Developing Economies: Exploring the Interlinkages

The Financial and Economic Implications of Underground Economy: The Nigerian Perspective

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