Asymmetric Effects of Shadow Economy on Financial Development in Iran: NARDL Approach
This paper uses the non-linear auto-regressive distributed lags (NARDL) model to examine the short- and long -run effects of the negative and positive shocks of the shadow economy on financial development in Iran over the period 1974 - 2015. For this purpose, the ratio of liquidity to gross domestic...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Tarbiat Modares University
2020-03-01
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| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-26146-en.pdf |