Shadow Economy and Financial Sector Development in Malaysia

Shadow Economy and Financial Sector Development in Malaysia

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This paper explores the link between the shadow economy and financial sector development in Malaysia for the period 1971-2013. We calculate the size of the shadow economy by using the modified-cash-deposits-ratio (MCDR) approach recently developed by Pickhardt and Sardia (2011). We investigate the...

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Bibliographic Details
Main Authors: Muzafar Shah Habibullah, Badariah H. Din, M. Yusof-Saari, A. H. Baharom
Format: Article
Language:English
Published: EconJournals 2016-11-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/3604

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https://www.econjournals.com/index.php/ijefi/article/view/3604

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