An Econometric Approach on Shadow economy in European countries

The present article investigates the relationship between shadow economy as a percentage of GDP, direct and indirect taxes, taxes centralized by the government, personal and corporate income taxes, value added taxes. The country sample encompasses EU-28 member states, alongside Iceland and Norway, w...

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Bibliographic Details
Main Author: PETRIC Nicolae
Format: Article in Journal/Newspaper
Language:German
English
French
Italian
Published: University of Oradea 2019
Subjects:
shadow economy
taxation
direct taxes
fiscal pressure
income tax
corporate tax
Business
HF5001-6182
Finance
HG1-9999
Norway
Iceland
Online Access:https://doaj.org/article/c7d1c94534e942a3bcb1d644e9dcbfd7
Description
Summary:The present article investigates the relationship between shadow economy as a percentage of GDP, direct and indirect taxes, taxes centralized by the government, personal and corporate income taxes, value added taxes. The country sample encompasses EU-28 member states, alongside Iceland and Norway, while the period analyzed spans from 2004 until 2016. By means of four econometric models that took into consideration linear and nonlinear effects, analyses indicated that there was a strong relationship between shadow economy and fiscal pressure across all countries.

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