How does governance quality affect the shadow economy-sustainable development nexus? New insights from a dynamic threshold analysis

IF 17.7 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2024-04-23 DOI:10.1108/jes-09-2023-0469

Nadia Assidi, Ridha Nouira, Sami Saafi, Walid Abdelfattah, Sami Ben Mim

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Abstract

Purpose The purpose of this study is to assess the impact of the shadow economy on three sustainable development indicators while considering the moderating effect of the governance quality, and to highlight the non-linearity of the considered relationship.Design/methodology/approach A sample of 82 countries covering the period from 1996 to 2017. The dynamic first-differenced generalized method of moments (FD-GMM) panel threshold model is implemented to control for non-linearity.Findings The shadow economy hinders sustainable development in countries with low-governance quality, while the opposite result holds in countries with high-governance quality. The critical thresholds triggering the switch from one regime to another vary across the sustainable development indicators. Boosting growth requires enhancing the legal system and the economic dimension of governance, while promoting environmental quality requires the implementation and enforcement of specific environment-friendly regulations.Originality/value The study addresses non-linearity and the moderating effect of governance quality. The use of six governance indicators allows to gauge the ability of each governance dimension to curb the negative effects of the shadow economy. Considering the three objectives of sustainable development allows to identify specific policy recommendations for each of them.

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治理质量如何影响影子经济与可持续发展的关系？动态门槛分析的新见解

目的本研究旨在评估影子经济对三个可持续发展指标的影响，同时考虑治理质量的调节作用，并强调所考虑关系的非线性。采用动态一阶差分广义矩法（FD-GMM）面板阈值模型来控制非线性。研究结果在治理质量低的国家，影子经济阻碍了可持续发展，而在治理质量高的国家，结果正好相反。在不同的可持续发展指标中，引发从一种制度转向另一种制度的临界阈值各不相同。促进增长需要加强法律体系和治理的经济层面，而提高环境质量则需要实施和执行具体的环境友好型法规。通过使用六个治理指标，可以衡量每个治理维度遏制影子经济负面影响的能力。考虑到可持续发展的三个目标，可以为每个目标确定具体的政策建议。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.

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