Shadow Economy and Financial Sector Development in Malaysia

Cilt: 6 Sayı: 7 1 Ekim 2016
  • Muzafar Shah Habibullah
  • Badariah H. Din
  • M. Yusof-saari
  • A. H. Baharom
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Shadow Economy and Financial Sector Development in Malaysia

Abstract

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 (MCDR) approach recently developed by Pickhardt and Sardia (2011). We investigate the contention made by Blackburn et al. (2012) that financial sector development can mitigate shadow economy – higher level of financial sector development lead to lower level of shadow economy. Our results show that there is a non-linear long-run relationship between shadow economy and financial sector development in Malaysia, an inverted-U shape curve, suggesting that at lower (higher) level of financial sector development commensurate with higher (lower) level of the shadow economy. One policy implication from this study is that the financial sector can play an important role in reducing shadow economy by improving the accessibility to financing and to the credit market.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

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Yazarlar

Muzafar Shah Habibullah Bu kişi benim

Badariah H. Din Bu kişi benim

M. Yusof-saari Bu kişi benim

A. H. Baharom Bu kişi benim

Yayımlanma Tarihi

1 Ekim 2016

Gönderilme Tarihi

1 Ekim 2016

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2016 Cilt: 6 Sayı: 7

Kaynak Göster

APA
Habibullah, M. S., Din, B. H., Yusof-saari, M., & Baharom, A. H. (2016). Shadow Economy and Financial Sector Development in Malaysia. International Journal of Economics and Financial Issues, 6(7), 181-185. https://izlik.org/JA27HZ94LR
AMA
1.Habibullah MS, Din BH, Yusof-saari M, Baharom AH. Shadow Economy and Financial Sector Development in Malaysia. IJEFI. 2016;6(7):181-185. https://izlik.org/JA27HZ94LR
Chicago
Habibullah, Muzafar Shah, Badariah H. Din, M. Yusof-saari, ve A. H. Baharom. 2016. “Shadow Economy and Financial Sector Development in Malaysia”. International Journal of Economics and Financial Issues 6 (7): 181-85. https://izlik.org/JA27HZ94LR.
EndNote
Habibullah MS, Din BH, Yusof-saari M, Baharom AH (01 Ekim 2016) Shadow Economy and Financial Sector Development in Malaysia. International Journal of Economics and Financial Issues 6 7 181–185.
IEEE
[1]M. S. Habibullah, B. H. Din, M. Yusof-saari, ve A. H. Baharom, “Shadow Economy and Financial Sector Development in Malaysia”, IJEFI, c. 6, sy 7, ss. 181–185, Eki. 2016, [çevrimiçi]. Erişim adresi: https://izlik.org/JA27HZ94LR
ISNAD
Habibullah, Muzafar Shah - Din, Badariah H. - Yusof-saari, M. - Baharom, A. H. “Shadow Economy and Financial Sector Development in Malaysia”. International Journal of Economics and Financial Issues 6/7 (01 Ekim 2016): 181-185. https://izlik.org/JA27HZ94LR.
JAMA
1.Habibullah MS, Din BH, Yusof-saari M, Baharom AH. Shadow Economy and Financial Sector Development in Malaysia. IJEFI. 2016;6:181–185.
MLA
Habibullah, Muzafar Shah, vd. “Shadow Economy and Financial Sector Development in Malaysia”. International Journal of Economics and Financial Issues, c. 6, sy 7, Ekim 2016, ss. 181-5, https://izlik.org/JA27HZ94LR.
Vancouver
1.Muzafar Shah Habibullah, Badariah H. Din, M. Yusof-saari, A. H. Baharom. Shadow Economy and Financial Sector Development in Malaysia. IJEFI [Internet]. 01 Ekim 2016;6(7):181-5. Erişim adresi: https://izlik.org/JA27HZ94LR