Mitigating the shadow economy through financial sector development in Indonesia: some empirical results

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...

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Bibliographic Details
Main Authors: Sugiharso Safuan, Muzafar Shah Habibullah, Eric Alexander Sugandi
Format: Article
Language:English
Published: Elsevier 2021-12-01
Series:Heliyon
Subjects:
Shadow economy
Modified-cash-deposit-ratio
Financial sector development
Indonesia
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844021027365

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