TẠP CHÍ CÔNG THƯƠNG ĐIỆN TỬ - CƠ QUAN THÔNG TIN LÝ LUẬN CỦA BỘ CÔNG THƯƠNG
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e-ISSN 3093-3994
ISSN 0866-7756
DOI: 10.62831
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Issue: Số 17 - Tháng 7 - 2022 Kinh tế

The impact of institutional quality and shadow economy on entrepreneurship

Published: July 31, 2026

Abstract

This study assesses the moderation role of institution towards the impact of shadow economy on the spirit of entrepreneurs. The study’s data is collected from the Global Entrepreneurship Monitor (GEM), the World Bank, andthe International Monetary Fund (IMF), covering 190 countries in the period of 2009 - 2018. By using the Fixed Effects (FE) and the System Generalized Methods of Moments (SGMM), the study finds out that (1) the shadow economy discourages a country’s motivation to start up, (2) the improvement of institutional quality promotes the entrepreneurial spirit, and (3) a good institutional quality mitigates the negative effect of the shadow economy on the entrepreneurial spirit.
Keywords
institutional quality shadow economy entrepreneurial spirit

References

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