This paper examines the dynamic relationship between financial development and the
shadow economy using data for 161 countries over the period 1960–2009. Specifically, we …

Financial inclusion might bring huge amounts of income into the global economy, which
creates different opportunities and challenges for countries. As people become more …

We provide a theoretical and empirical study of the relation between financial development
and the size of the underground economy. In our theoretical framework agents allocate …

This paper assesses the effect of information and communication technologies (ICTs) on the
informal economy. We applied the Generalized Method of Moments (GMM) on a sample of …

A large literature has documented an inverse relationship between financial development
and the size of the informal economy, with some evidence that the link is non‐monotonic …

Understanding the determinants of the informal economy is a crucial issue in economic
development because of its effect on economic performance as well as undermining the …

Shadow economy in Africa: how relevant is financial inclusion? | Emerald Insight Books and
journals Case studies Expert Briefings Open Access Publish with us Advanced search Shadow …

This paper investigates the impact of mobile financial services (MFS)(mobile money, and
mobile credit and savings) on the informal sector using a sample of 101 emerging and …

Using a standard overlapping generations monetary production economy, faced with
endogenously determined tax evasion by heterogeneous agents in the economy, we …

Purpose The purpose of this paper is to empirically investigate the determinants and the
impact of financial development on shadow economy in OIC countries and then compared …