Naslov
Shadow Economy and Tourism Receipts : Evidence from Europe

Autori
Šergo, Zdravko ; Gržinić, Jasmina ; Zanini Gavranić, Tatiana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Interdisciplinari management reseach XIII conference : proceedings / Barković, D. ; Runzheimer, B. - Pforzheim : Osijek : Faculty of Economic, Croatia Postgraduate Studies, 2017, 641-655

Skup
Interdisciplinary management research conference (13 ; 2017)

Mjesto i datum
Pula, Hrvatska, 19.05.2017. - 21.05.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
shadow economy ; tourism receipts ; dynamic panel ; GMM ; Granger-cause ; Europe

Sažetak
Service industries like tourism and hospitality, use a good deal of the time of households that never enter into labor input, firm output and price series, or therefore into measures of official GDP. The main factor of flourishing gray economy caused by tourism activity is seasonal and other casual/temporary work. This study aims to test whether shadow economy-tourism model predictions are valid for 30 European countries’ economies. We used a dynamic panel data estimation method i.e. the general method of moments (GMM). Values for the shadow economy as percent of official GDP variable that is considered to represent shadow economic growth and tourism receipts as a percent of official GDP variable that is considered to represent tourism activities have been obtained from the Schneider (2015) and World Bank Database. The analysis of the annual data between 2003 and 2015 try to suggest that either shadow economic growth Granger-causes tourism receipts, or there is no evidence to suggest that tourism receipts have an impact on shadow economic growth.

Izvorni jezik
Engleski

POVEZANOST RADA