Mitigating the shadow economy through financial sector development in Indonesia: some empirical results
We examine the relationship between financial sector development and the shadow economy in Indonesia from 1980 to 2020. We estimate the size of Indonesia's shadow economy using the “Modified Cash to Deposits Ratio” approach. We then construct a long-term model using the size of Indonesia's...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-12-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844021027365 |