"The Shadow Economy and Corruption in ECO Countries" by Omer Gokcekus

Selected Works of Omer Gokcekus

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The Shadow Economy and Corruption in ECO Countries

Sosyoekonomi (2023)

Omer Gokcekus, Seton Hall University
Elshan Bagirzadeh, Azerbaijan State University of Economics
Daniel Scribner, Seton Hall University

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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

Shadow Economy,
Corruption,
ECO Countries,
Post-Soviet Countries,
Turkic Countries

Disciplines

Economics and
Regional Economics

Publication Date

October, 2023

DOI

10.17233/sosyoekonomi.2023.04.09

Citation Information

Omer Gokcekus, Elshan Bagirzadeh and Daniel Scribner. "The Shadow Economy and Corruption in ECO Countries" Sosyoekonomi Vol. 31 Iss. 58 (2023) p. 179 - 190 ISSN: 1305-5577
Available at: http://works.bepress.com/omer_gokcekus/67/