Shadow economy, corruption and public debt in Spain

被引：34

作者：

Gonzalez-Fernandez, Marcos ^{[1
]}

Gonzalez-Velasco, Carmen ^{[1
]}

机构：

[1] Univ Leon, Fac Econ & Business, Dept Business Econ & Management, E-24071 Leon, Spain

来源：

JOURNAL OF POLICY MODELING | 2014年 / 36卷 / 06期

关键词：

Spain; Shadow economy; Corruption; Public debt; Sovereign debt; CROSS-SECTION;

D O I：

10.1016/j.jpolmod.2014.10.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The aim of this paper is to study the relationship between the shadow economy and corruption as determinants of public debt in the Spanish Autonomous Communities. In addition, we construct a Corruption Perception Index for those regions. Our data constitute panel data for the period 2000-2012. The results show that the volume of the shadow economy has a significant and positive impact on regional public debt. Corruption also shows a direct and significant relationship with public debt in the Autonomous Communities, although its impact is lower than that of the shadow economy. We extract some implications for the public authorities. (C) 2014 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.

引用

页码：1101 / 1117

页数：17

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