Kayıt Dışı Ekonomi ve Finansal Gelişme: Kurumların Rolü

Yıl 2023, Cilt: 31 Sayı: 55, 195 - 209, 31.01.2023

Abdulkadir Bulut

https://doi.org/10.17233/sosyoekonomi.2023.01.10

Öz

Bu çalışma 67 gelişmekte olan ülkenin 2002-2017 verilerini kullanarak finansal gelişme ve kurumsal kalitenin kayıt dışı ekonomi üzerindeki interaktif etkisini araştırmaktadır. Çalışmada değişen varyans ve yatay kesit bağımlılığını dikkate alan Driscoll ve Kraay Standart Hatalar ile Sabit Etkiler tahmin yönteminden yararlanılmıştır. Bulgular, finansal gelişme ve kurumların, kayıt dışı ekonomiyi azaltmada ikame işlevi gördüğünü ortaya koymaktadır. Kurumsal kalitenin en düşük olduğu ülkelerde finansal gelişmenin kayıt dışı ekonomi üzerinde en fazla etkiye sahip olduğunu göstermektedir. Öte yandan, finansal sektörün daha az gelişmiş olduğu ülkelerde güçlü kurumlar kayıt dışı ekonomi üzerinde daha etkili olmaktadır. Son olarak, çalışma kayıt dışı ekonomiyle mücadele konusunda birkaç temel politika önerisi sunmaktadır.

Anahtar Kelimeler

Kayıt Dışı Ekonomi, Finansal Gelişme, Kurumlar

Informal Economy and Financial Development: The Role of Institutions

Öz

This paper assesses the interactive impact of financial development and institutional quality indicators on the informal economy using data from 67 developing countries from 2002-2017. We employ the fixed-effect model with Driscoll-Kraay standard errors that are heteroscedasticity consistent and robust to the general form of cross-sectional and temporal dependence. Findings reveal that financial development and institutions are substitutes for reducing the informal economy. Financial development decreases the size of the informal economy only in the absence of efficient institutions and vice versa. Finally, the study provides several essential policy suggestions for combatting the informal economy.

Anahtar Kelimeler

Informal Economy, Financial Development, Institutions

Kaynakça

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