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Dimensions Of Culture And The Size Of The Shadow Economy In The Member States Of The European Union

Author

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  • Paulina Pukin

    (Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn)

Abstract

This article discusses connections between dimensions of culture and the size of the shadow economy in the European Union member states. A critical perusal of the literature led to the development of the theoretical groundwork, while statistical analysis revealed connections between the shadow economy and the dimensions of culture. The research findings suggest a strong stochastic relation of the culture in a given country and the size of its shadow economy. Countries with a high level of complacency, distrust of the authorities, collectivism and aversion to uncertainty are characterized by shadow economies of a substantial size.

Suggested Citation

  • Paulina Pukin, 2020. "Dimensions Of Culture And The Size Of The Shadow Economy In The Member States Of The European Union," OLSZTYN ECONOMIC JOURNAL, University of Warmia and Mazury in Olsztyn, Faculty of Economic Sciences, vol. 15(2), pages 165-173, August.
    • Handle: RePEc:ole:journl:v:15:y:2020:i:2:p:165-173
    DOI: https://doi.org/10.31648/oej.5839
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    More about this item

    Keywords

    culture; shadow economy; the European Union;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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