Government expenditure, budget deficit and shadow economy

被引：2

作者：

Vo, Duc Hong ^{[1
]}

Tran, Ngoc Phu ^{[1
]}

Tran, Toan Pham-Khanh ^{[1
]}

Le, Quan Thai-Thuong ^{[1
]}

Nguyen, Phuc Van ^{[1
]}

机构：

[1] Ho Chi Minh City Open Univ, CBER Res Ctr Business Econ & Resources, Ho Chi Minh City, Vietnam

来源：

JOURNAL OF ECONOMIC POLICY REFORM | 2023年 / 26卷 / 04期

关键词：

Government expenditure; shadow economy; budget deficit; ARDL; the ASEAN countries; INFORMAL SECTOR; GROWTH; INFLATION; GLOBALIZATION; DETERMINANTS; CORRUPTION;

D O I：

10.1080/17487870.2023.2268250

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

The shadow economy has emerged as a challenging issue for countries globally, particularly emerging markets. An increased budget deficit prevents the governments from using public expenditure to control the increased shadow economy. This paper examines the effect of government expenditure on the shadow economy and the moderating role of budget deficit affecting this impact for the ASEAN-7 countries from 1990 to 2019. We find that increased government spending is associated with an increased shadow economy in ASEAN countries. Interestingly, the effects of government expenditure on the shadow economy intensify with increased budget deficit in the short and long term.

引用

页码：442 / 460

页数：19

共 58 条

[1]

Ajide FM, 2022, INT SOC SCI J, V72, P749, DOI [10.1111/issj.12337, https://doi.org/10.1111/issj.12337, DOI 10.1111/ISSJ.12337, 10.1111/issj.12337]

[2] Shadow economy in Africa: how relevant is financial inclusion? [J].