The Importance of the Payment Methods on the Size of the Shadow Economy: Cross-Country Evidence

Hüseyin Safa ÜNAL; Cüneyt KOYUNCU

Makale detayları

The Importance of the Payment Methods on the Size of the Shadow Economy: Cross-Country Evidence

Yazarlar:

Hüseyin Safa ÜNAL | Cüneyt KOYUNCU

Yayıncı:

Denta Florya ADSM Limited Company

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Social Sciences Research Journal 2019 Vol.8 Issue 1, pp.249-258

Belge Tipi:

Makale

Yayın Tarihi:

2/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000605811

Sıklık:

Üç Aylık

eISSN:

2147-5237

Özet:

 


This study investigates the effect of debit and
credit card ownership, checks, and electronic payments on the size of the
shadow economy. Potential effects of holding a bank account or having an
account in a financial institution on the size of the shadow economy is another
aspect of the study. For this purpose, MIMIC model estimates of the size of the
shadow economy as percentage of GDP are used as the shadow economy indicator. In
addition, data on the percentages of debit card users, credit card users,
checks and electronic payments used to make payments, and account ownership are
utilized as the real or potential source of formal transactions. The estimation
results indicate that debit, credit card, and account ownership have a strong
negative effect on the size of the shadow economy. Checks and electronic
payments that are realized in the past 12 months result in decrease in the size
of the shadow economy as well. While tax revenue and corruption are in a
positive relationship with the size of the shadow economy, coefficient of the
labor force participation rate is not statistically significant.

.

 


This study investigates the effect of debit and
credit card ownership, checks, and electronic payments on the size of the
shadow economy. Potential effects of holding a bank account or having an
account in a financial institution on the size of the shadow economy is another
aspect of the study. For this purpose, MIMIC model estimates of the size of the
shadow economy as percentage of GDP are used as the shadow economy indicator. In
addition, data on the percentages of debit card users, credit card users,
checks and electronic payments used to make payments, and account ownership are
utilized as the real or potential source of formal transactions. The estimation
results indicate that debit, credit card, and account ownership have a strong
negative effect on the size of the shadow economy. Checks and electronic
payments that are realized in the past 12 months result in decrease in the size
of the shadow economy as well. While tax revenue and corruption are in a
positive relationship with the size of the shadow economy, coefficient of the
labor force participation rate is not statistically significant.

.

Makale detayları

The Importance of the Payment Methods on the Size of the Shadow Economy: Cross-Country Evidence

Yazarlar: Hüseyin Safa ÜNAL | Cüneyt KOYUNCU

Yayıncı: Denta Florya ADSM Limited Company

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Social Sciences Research Journal 2019 Vol.8 Issue 1, pp.249-258

Belge Tipi: Makale

Yayın Tarihi: 2/2019

Belge Dili: İngilizce

Document ID (Org No.): 2000605811

Sıklık: Üç Aylık

eISSN: 2147-5237

Sayı

Yazarlar:

Hüseyin Safa ÜNAL | Cüneyt KOYUNCU

Yayıncı:

Denta Florya ADSM Limited Company

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Social Sciences Research Journal 2019 Vol.8 Issue 1, pp.249-258

Belge Tipi:

Makale

Yayın Tarihi:

2/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000605811

Sıklık:

Üç Aylık

eISSN:

2147-5237