The shadow economy: a relevant factor for investment decisions in selected European Union countries
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor | Métodos Cuantitativos para la Economía | es |
dc.contributor | Análisis Económico | es |
dc.contributor.author | Kostova, Miroslava | - |
dc.contributor.author | Silva Cassorla, Carolina | - |
dc.contributor.other | Universidad de Alicante. Departamento de Métodos Cuantitativos y Teoría Económica | es |
dc.date.accessioned | 2015-09-18T09:42:05Z | - |
dc.date.available | 2015-09-18T09:42:05Z | - |
dc.date.issued | 2015 | - |
dc.identifier.citation | Financial Theory & Practice. 2015, 39(3): 305-323. doi:10.3326/fintp.39.3.3 | es |
dc.identifier.issn | 1846-887X (Print) | - |
dc.identifier.issn | 1845-9757 (Online) | - |
dc.identifier.uri | http://hdl.handle.net/10045/49513 | - |
dc.description.abstract | The estimation of sovereign risk indicators has a key role for the investment decisions. We were witnesses of inaccurate ratings before the last economic crisis, which altered significantly the results expected by many investors. Thus, we propose an improved rating estimation justifying the insertion of new variables, specifically, the shadow economy as a percentage of the GDP. We find that by taking it into account, the credit rating estimation improves. Our estimation assigns a higher sovereign risk to the new European Union member states, whereas the old European Union member states see their sovereign risk decreased. | es |
dc.language | eng | es |
dc.publisher | Institute of Public Finance | es |
dc.rights | © Institute of Public Finance | es |
dc.subject | Shadow economy | es |
dc.subject | Sovereign risk | es |
dc.subject | Credit ratings | es |
dc.subject | European Union | es |
dc.subject | Member states | es |
dc.subject.other | Fundamentos del Análisis Económico | es |
dc.title | The shadow economy: a relevant factor for investment decisions in selected European Union countries | es |
dc.type | info:eu-repo/semantics/article | es |
dc.peerreviewed | si | es |
dc.identifier.doi | 10.3326/fintp.39.3.3 | - |
dc.relation.publisherversion | http://dx.doi.org/10.3326/fintp.39.3.3 | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |
Aparece en las colecciones: | INV - Análisis Económico - Artículos de Revistas INV - DMCTE - Artículos de Revistas |
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Archivo | Descripción | Tamaño | Formato | |
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2015_Kostova_Silva_FT&P.pdf | 230,25 kB | Adobe PDF | Abrir Vista previa | |
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