The Relationship Between Economic Freedoms and the Informal Economy: An Application on the Member States of the Organization of Islamic Cooperation
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Tarih
2019
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Bc Grup Inc
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The reduction and ultimately the elimination of the informal economy emerges as an important problem for the countries in terms of effectively collecting tax revenues, preventing unfair competition and increasing confidence for the state. Increasing economic freedoms contributes to the reduction of such economic activities. The aim of the study is to determine the effect of economic freedoms on informal economy for the member states of Organization of Islamic Cooperation (OIC). It covers annual panel data of 44 countries from 1999 to 2015. In the study, Fixed Effects and Random Effects Models are applied. The findings of the study point out that there was statistically significant and negative relationship between economic freedoms and informal economy. According to the results, one-point increase in Economic Freedom Index led to a nearly 0.13% reduction in the size of informal economy.
Açıklama
11th RSEP International Multidisciplinary Conference -- APR 09-11, 2019 -- Vienna, AUSTRIA
Anahtar Kelimeler
Economic Freedoms, Informal Economy, Random Effects, Random Effects
Kaynak
11Th Rsep International Multidisciplinary Conference
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
Sayı
Künye
closedAccess
