Public governance and shadow economy in Central and Eastern European countries
Public governance and shadow economy in Central and Eastern European countries

Summary/Abstract: Nearly all the countries face to shadow economy with different sizes and try tokeep the shadow economy at a minimum level considering its possible negative impacts ontheir economies. This study researches the relationship among various indicators of publicadministration and shadow economy in 11 Central and Eastern European economiesduring 2003-2014 period employing panel regression. We found that improvements inpublic administration and EU membership affected shadow economy negatively, whilecrises affected shadow economy positively.Keywords: Institutional development, shadow

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