Natural resources and the underground economy: A cross-country study in ASEAN using Bayesian approach

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dc.contributor.authorNguyen, Thach Ngoc
dc.contributor.authorDuong, My Ha Tien
dc.contributor.authorNguyen, Diep Van
dc.date.accessioned2024-09-04T11:35:50Z
dc.date.available2024-09-04T11:35:50Z
dc.date.issued2024
dc.description.abstract-translatedThe development of the underground economy can significantly affect a country’s economic indicators. Although there have been different studies on this phenomenon, many aspects of underground activities remain incompletely defined. Therefore, the current research aims to supplement the existing literature by analyzing the link between abundant natural resources and the scope of the underground economy. To accomplish this objective, we collected panel data from ten Association of Southeast Asian Nations (ASEAN) countries during the period 1991–2018. We then employed the Bayesian regression estimator to look into the influence of natural resources wealth on the scope of the underground sector. We found that the former can negatively and strongly affect the latter in ASEAN countries. That is, natural resources might be a blessing rather than a curse for economic growth and development in these countries. Other variables were found to have a strong positive relationship with the underground economy, like trade openness, tax burden, size of government, corruption, and the global financial crisis. Meanwhile, GDP growth, urbanization, and political stability had a strong negative effect on the size of the underground economy. These findings provide some implications for the governments of ASEAN countries to perform appropriate measures to control the underground economy.en
dc.format15 s.cs
dc.format.mimetypeapplication/pdf
dc.identifier.doi10.15240/tul/001/2024-2-001
dc.identifier.issn1212-3609 (Print)
dc.identifier.issn2336-5604 (Online)
dc.identifier.urihttp://hdl.handle.net/11025/57435
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rightsCC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectpřírodní zdrojecs
dc.subjectpodzemní ekonomikacs
dc.subjectBayesovský přístupcs
dc.subjectASEANcs
dc.subjectSdružení národů jihovýchodní Asiecs
dc.subject.translatednatural resourcesen
dc.subject.translatedunderground economyen
dc.subject.translatedBayesian approachen
dc.subject.translatedASEANen
dc.subject.translatedAssociation of Southeast Asian Nationsen
dc.titleNatural resources and the underground economy: A cross-country study in ASEAN using Bayesian approachen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
local.files.count2*
local.files.size1412130*
local.has.filesyes*

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Číslo 2 (2024)
Číslo 2 (2024)