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Economic and Financial Crime: Corruption, Shadow Economy, and Money Laundering: Book Review. Written by Monica Violeta Achim and Sorin Nicolae Borlea. Springer Nature: Cham, Switzerland, 2021. ISBN 978-3-030-51780-9
Article

The Impact of the Development of Society on Economic and Financial Crime. Case Study for European Union Member States

1
Faculty of Economics and Business Administration, Babeș-Bolyai University, 400591 Cluj-Napoca, Romania
2
Institute of European Research, Babeș-Bolyai University, 400591 Cluj-Napoca, Romania
3
Doctoral School of Economics, University of Oradea, 410087 Oradea, Romania
4
Faculty of Economics, Computer Science and Engineering, Vasile Goldis “Western” University of Arad, 310414 Arad, Romania
5
College of Political, Administrative and Communication Science, Babeș-Bolyai University, 400132 Cluj-Napoca, Romania
*
Author to whom correspondence should be addressed.
Academic Editor: Mogens Steffensen
Received: 19 April 2021 / Revised: 9 May 2021 / Accepted: 11 May 2021 / Published: 18 May 2021
(This article belongs to the Special Issue Economic and Financial Crimes)
Economic and financial crime is closely related to the changes and the development of societies. In this paper, we question whether the types of economic and financial crimes change as the society develops or not. For our purpose, we use the sample of 27 European Union member countries, for the 2005–2020 time period, which forms an unbalanced panel dataset. The main econometric method is represented by the Pooled OLS method for panel data. Our findings highlight that higher economic and sustainable development determines a reduction in the levels of corruption, shadow economy, and cybercrime. Additionally, we find that increased economic and sustainable development is related to higher levels of money laundering. These findings help governments to understand the way in which various types of economic and financial crimes unfold within different contexts of economic development, in order to implement specific policies for reducing the general level of crimes. View Full-Text
Keywords: corruption; shadow economy; money laundering; cybercrime; economic development; sustainable development corruption; shadow economy; money laundering; cybercrime; economic development; sustainable development
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MDPI and ACS Style

Achim, M.V.; Văidean, V.L.; Borlea, S.N.; Florescu, D.R. The Impact of the Development of Society on Economic and Financial Crime. Case Study for European Union Member States. Risks 2021, 9, 97. https://0-doi-org.brum.beds.ac.uk/10.3390/risks9050097

AMA Style

Achim MV, Văidean VL, Borlea SN, Florescu DR. The Impact of the Development of Society on Economic and Financial Crime. Case Study for European Union Member States. Risks. 2021; 9(5):97. https://0-doi-org.brum.beds.ac.uk/10.3390/risks9050097

Chicago/Turabian Style

Achim, Monica V., Viorela L. Văidean, Sorin N. Borlea, and Decebal R. Florescu 2021. "The Impact of the Development of Society on Economic and Financial Crime. Case Study for European Union Member States" Risks 9, no. 5: 97. https://0-doi-org.brum.beds.ac.uk/10.3390/risks9050097

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