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.contributor.otherEkonomická fakultacs
dc.date.accessioned2024-06-05T08:49:24Z
dc.date.available2024-06-05T08:49:24Z
dc.description.abstractThe 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.formattext
dc.identifier.doi10.15240/tul/001/2024-2-001
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/175201
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectNatural resourcesen
dc.subjectunderground economyen
dc.subjectBayesian approachen
dc.subjectASEANen
dc.subject.classificationC11
dc.subject.classificationE26
dc.subject.classificationO13
dc.titleNatural resources and the underground economy: A cross-country study in ASEAN using Bayesian approachen
dc.typeArticleen
local.accessopen
local.citation.epage15
local.citation.spage1
local.facultyFaculty of Economics
local.filenameEM_2_2024_1
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume27
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