The Shadow Economy and Corruption in ECO Countries

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Sosyoekonomi
Volume:31 Issue:58
The Shadow Economy and Corruption in ECO Countries

The Shadow Economy and Corruption in ECO Countries

Authors : Omer Gokcekus, Elşen Bağirzade, Daniel Scribner

Pages : 179-190

Doi:10.17233/sosyoekonomi.2023.04.09

View : 277 | Download : 184

Publication Date : 2023-10-26

Article Type : Research Paper

Abstract :This study examines the shadow economy and corruption relationship throughout seven Economic Cooperation Organization (ECO) countries. Utilising shadow economy data provided by Medina and Schneider (2017; 2019) and Transparency International\'s corruption perception indicator between 2000-2017, regression analysis suggests that there is a statistically significant relationship between corruption and shadow economy, and additionally, that Soviet heritage plays a role in the determination of this relationship. Results show that for post-Soviet ECO nations, the relationship is complimentary, while for ‘Other’ ECO nations, the relationship is substitutive.
Keywords : Kayıt Dışı Ekonomi, Yolsuzluk, ECO Ülkeleri, Eski Sovyet Ülkeleri, Türk Ülkeleri

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