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Effects of financial development and financial inclusion in mitigating shadow economy in OIC and non-OIC countries

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dc.contributor.authorShabeer Khan
dc.contributor.supervisorBaharom Abdul Hamid
dc.contributor.supervisorGinanjar Dewandaru
dc.date.accessioned2019-09-30T10:43:58Z
dc.date.available2019-09-30T10:43:58Z
dc.date.issued2019
dc.description.abstractAlthough literature on shadow economy has been growing, the examination is scarce in the case of developing countries, especially the Organization of Islamic Cooperation (OIC) economies. In this study, we develop various testable hypotheses related to shadow economy. We investigate the determinants of shadow economy across a large sample of 141 countries and examine whether it varies across OIC (42) and non-OIC (99) countries. The average size of the shadow economy in OIC countries is 34.36% of gross domestic product (GDP) while it is 30.57% of GDP in non-OlC economies. The approach of exploring various definitions, historical development, types, Islamic viewpoint and the determining factors behind people's preference to join shadow economy is adopted in order to provide a deeper understanding of shadow economy. As far as our first objective Is concerned, we explored the determinants of shadow economy in OIC and non-OIC countries (1995-2015). Our results show that economic growth and institutional variables have negative association with shadow economy in both types of countries whereas government expenditure has a positive effect on shadow economy in both groups ...en_US
dc.identifier.citationKhan, Shabeer. (2019). Effects of financial development and financial inclusion in mitigating shadow economy in OIC and non-OIC countries (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3111en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3111
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2019. INCEIF
dc.sourceSGPS
dc.subjectShadow economyen_US
dc.subjectFinancial developmenten_US
dc.subjectOIC member countriesen_US
dc.subjectNon-OIC countriesen_US
dc.subject1995-2015en_US
dc.titleEffects of financial development and financial inclusion in mitigating shadow economy in OIC and non-OIC countriesen_US
dc.typePhDen_US
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in physical copy only (Call Number: t HD 2341 K45)
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicConventional financeen_US
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
relation.isAuthorOfPublication219f93a8-b38f-400c-981f-6a7162e44a2f
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