Shadow Economy and Financial Sector Development in Malaysia
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 approach recently developed by Pickhardt and Sardia (2011).We investigate the contention...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
EconJournals
2016
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Subjects: | |
Online Access: | https://repo.uum.edu.my/id/eprint/23309/1/IJEFI%202016%206S7%20181%20185.pdf |