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Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?

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dc.contributor.authorMuzafar Shah Habibullah
dc.contributor.authorBadariah H. Din
dc.contributor.authorBaharom Abdul Hamid
dc.date.accessioned2020-03-27T07:13:36Z
dc.date.available2020-03-27T07:13:36Z
dc.date.issued2019
dc.description.abstractThe purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size of the shadow economy by removing barriers for easy access to the credit market and further reform of the financial sector should be the focus.en_US
dc.identifier.citationHabibullah, M. S., Din, B. H., & Abdul Hamid, B. (2019). Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy? International Journal of Business and Society, 20(3), pp. 1062-1075.en_US
dc.identifier.issn1511-6670
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3202
dc.languageEnglish
dc.language.isoengen_US
dc.publisherFaculty of Economics and Business, UNIMASen_US
dc.rights2019. Faculty of Economics and Business, UNIMAS
dc.sourceSEDONA
dc.subjectShadow economyen_US
dc.subjectFinancial sector developmenten_US
dc.subjectTax burdenen_US
dc.subjectMalaysiaen_US
dc.titleRe-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?en_US
dc.typeJournal Articleen_US
dlc.maintopicConventional financeen_US
dlc.subtopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicConventional financeen_US
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relation.isAuthorOfPublication.latestForDiscovery219f93a8-b38f-400c-981f-6a7162e44a2f
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