On the contributing factors to shadow economy in Africa: Do natural resources, ethnicity and religious diversity make any difference?
Many factors influencing shadow economy, including foreign direct investment, economic
complexity, and financial development, have been well acknowledged in the literature …
complexity, and financial development, have been well acknowledged in the literature …
Government expenditure–shadow economy nexus: the role of fiscal deficit
Purpose The effects of government expenditure on the shadow economy have been
investigated. However, the effect from a moderating factor that affects this relationship has …
investigated. However, the effect from a moderating factor that affects this relationship has …
Does country risk moderates the financial market development and shadow economy nexus? Evidence from fast-emerging countries analysis
Purpose The shadow economy (SE) has been a serious issue with varied dimensions in all
countries that significantly affect economic growth. Therefore, all countries have made an …
countries that significantly affect economic growth. Therefore, all countries have made an …
Competition, stability, and institutional environment: The case of dual banking economies
We measure the impact of competition and institutional quality on stability for dual banking
economies. Our sample comprises 492 banks (109 Islamic and 383 conventional banks) …
economies. Our sample comprises 492 banks (109 Islamic and 383 conventional banks) …
The Impact of Zakah, Islamic Bank, Macroeconomic Variables on Unemployment Rate: Evidence From Selected OIC Countries
Abstract The Organization of Islamic Cooperation (OIC) countries have experienced a
significant increase in the unemployment rate, and some countries even have the highest …
significant increase in the unemployment rate, and some countries even have the highest …
Financial inclusion and underground economy nexus in West Africa: evidence from dynamic heterogeneous panel techniques
We employ dynamic heterogeneous panel estimation techniques which include Dynamic
Fixed Effects, Mean Group, and Pooled Mean Group estimators to explore the underground …
Fixed Effects, Mean Group, and Pooled Mean Group estimators to explore the underground …
Shadow economy implications of financial development in Africa: Do income groups also matter?
This study explores the link between financial development and the shadow economy in 45
African economies from 1991 to 2019. While overall financial indices show no clear impact …
African economies from 1991 to 2019. While overall financial indices show no clear impact …
Asymmetric nexus between shadow economy and financial instability: Does institutional quality matter?
Policymakers worldwide, especially central banks, are concerned about the causes and
remedies of financial instability. This study examines the asymmetric influence of the …
remedies of financial instability. This study examines the asymmetric influence of the …
Energy poverty and shadow economy: evidence from Africa
Purpose Energy poverty is a global phenomenon, but its prevalence is enormous in most
African countries, with a potential impact on quality of life. This study aims to investigate the …
African countries, with a potential impact on quality of life. This study aims to investigate the …
Financial Development and Informal Economy in Ghana: Exploring the Nexus and Implications for Economic Growth and Formalization
SL Afful, I Bentum-Ennin, EA Bondzie - Development and Sustainability in …, 2024 - Elsevier
This study investigates the nexus between financial development and the informal economy
in Ghana, exploring the implications for economic growth and formalization. Using annual …
in Ghana, exploring the implications for economic growth and formalization. Using annual …