Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162664
Authors: 
Farzanegan, Mohammad Reza
Hassan, Mai
Year of Publication: 
2017
Series/Report no.: 
Joint Discussion Paper Series in Economics 18-2017
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
Document Type: 
Working Paper

Files in This Item:
File
Size
679.53 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.