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Corruption, the Shadow Economy and Innovation in Spanish Regions

Author

Listed:
  • Marcos González-Fernández
  • Carmen González-Velasco
  • José-Luis Fanjul-Suárez

Abstract

The aim of this paper is to analyze the effects of corruption and the shadow economy on innovation in the Spanish regions between 2000 and 2012. For this purpose, we use different proxies to approximate corruption and the shadow economy. We find evidence that corruption negatively influences innovation according to the results of the estimations. Regarding the effect of the shadow economy on innovation, the results also suggest that tax fraud, which is directly related to underground activities, leads to a decrease in regional innovation. Key words: Innovation, Corruption, Shadow economy, Spanish regions. JEL: R11, O32, O17, D73.

Suggested Citation

  • Marcos González-Fernández & Carmen González-Velasco & José-Luis Fanjul-Suárez, 2020. "Corruption, the Shadow Economy and Innovation in Spanish Regions," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 67(4), pages 509-537.
    • Handle: RePEc:voj:journl:v:67:y:2020:i:4:p:509-537:id:461
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    More about this item

    Keywords

    innovation; corruption; shadow economy; Spanish regions;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption

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