Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/161863 
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper No. 6424
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically significant for the first three years following the shock. This finding is obtained by controlling for several intermediary channels in globalization-shadow economy nexus such as education, government spending, industrial production, and labor force participation. Our results show the importance of promoting economic globalization by reducing the costs of doing business and trade in dealing with sizable shadow economy in Egypt.
Subjects: 
shadow economy
globalization
VAR model
impulse responses
Egypt
JEL: 
C53
F15
F40
O53
Document Type: 
Working Paper
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