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https://ruomoplus.lib.uom.gr/handle/8000/1966| Title: | Size and Determinants of the Shadow Economy in Greece, 1980–2020 | Authors: | Vougiatzi, Vasileia Delipalla, Sofia (Sophia) Papapanagos, Harry Tsitouras, Antonis |
Author Department Affiliations: | Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies |
Author School Affiliations: | School of Economic and Regional Studies School of Economic and Regional Studies School of Economic and Regional Studies School of Economic and Regional Studies |
Subjects: | FRASCATI__Social sciences__Economics and Business FRASCATI__Social sciences__Economics and Business__Economics |
Keywords: | 017 formal and informal sectors – Shadow economy – Institutional arrangements E26 informal economy – Underground economy Greece Informal economy MIMIC Shadow economy |
Issue Date: | 15-Mar-2025 | Publisher: | Springer | Series/Report no.: | Springer Proceedings in Business and Economics | ISSN: | 2198-7246 | Volume Title: | Advances in Applied Macroeconomics | Start page: | 87 | End page: | 101 | Conference: | International Conference on Applied Economics (ICOAE) | Abstract: | The average size of the shadow economy in Greece, 1980–2020, is estimated at 28.5% of gross domestic product, with an average annual rate of decline 0.41%. The finding of a negative relationship between unemployment and the shadow economy, combined with the significant and positive effects of self-employment and social insurance contributions, shows that the underground economy, in Greece, is driven primarily by people at work and not in unemployment. The official and unofficial sectors of the economy are complements. The political system is also of particular importance as a determinant of the size of the shadow economy, mainly capturing institutional and social aspects. |
URI: | https://ruomoplus.lib.uom.gr/handle/8000/1966 | ISBN: | [9783031766572] | DOI: | 10.1007/978-3-031-76658-9_6 | Rights: | Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές |
Corresponding Item Departments: | Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies Department of Balkan, Slavic & Oriental Studies |
| Appears in Collections: | Conference proceedings |
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| Size and Determinants of the Shadow Economy in Greece, 1980–2020.pdf | 360,97 kB | Adobe PDF | Embargoed until March 15, 2026 Request a copy |
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