4.3 Article

Do financial technology and financial development lessen shadow economy? Evidence from BRICST economies using heterogenous bootstrap panel causality

Related references

Note: Only part of the references are listed.
Article Business

Does country risk moderates the financial market development and shadow economy nexus? Evidence from fast-emerging countries analysis

Sami Ur Rahman et al.

Summary: This study aims to investigate the impact of financial markets (stock and bond) in reducing the shadow economy (SE) while considering the role of country risk in N-11 countries. The findings show that country risk factors are crucial in reducing the size of the SE, and they also moderate the relationship between financial market development and the SE.

INTERNATIONAL JOURNAL OF EMERGING MARKETS (2023)

Article Economics

Macroeconomic fundamentals, institutional quality and shadow economy in OIC and non-OIC countries

Shabeer Khan et al.

Summary: This paper analyzes the relationship between macroeconomic fundamentals, institutional quality, and shadow economy using panel data spanning from 2004 to 2015 of 141 countries. The study finds that institutional quality has a negative effect on the shadow economy, while the impact of macroeconomic fundamentals varies. Splitting the sample into OIC and non-OIC countries, the study observes similar influences of macroeconomic fundamentals and institutional quality on the shadow economy, but the effect is less observed for OIC countries. The results are consistent when using different estimation methods.

JOURNAL OF ECONOMIC STUDIES (2022)

Article Environmental Studies

Stock market resource curse: The moderating role of institutional quality

Adnan Ali et al.

Summary: This study examines the impact of natural resources rents on the stock market and the role of institutional quality in managing resource revenues. The results show that resources rents have a positive effect on the stock market, and institutional quality plays a moderating role in enhancing this effect. Additionally, bidirectional causality is found between stock market development and economic growth.

RESOURCES POLICY (2022)

Article Business, Finance

Fintech, regtech, and financial development: evidence from China

Tadiwanashe Muganyi et al.

Summary: This study investigates the influence of fintech on developments in China's financial sector between 2011 and 2018. The results establish a positive link between fintech and financial development by enhancing access, depth, and savings within China's financial institutions. Furthermore, the emergence of regtech in the area of financial regulation also improves financial development outcomes significantly.

FINANCIAL INNOVATION (2022)

Article Business

Energy efficiency: The role of technological innovation and knowledge spillover

Huaping Sun et al.

Summary: Technological innovation reduces energy intensity and carbon emissions, supporting global economic growth sustainably; international knowledge spillover affects energy efficiency and sectoral performance, requiring enhanced understanding of mitigation opportunities and costs.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2021)

Article Environmental Sciences

Estimating the macroeconomic determinants of total, renewable, and non-renewable energy demands in Bangladesh: the role of technological innovations

Muntasir Murshed et al.

Summary: Bangladesh is poised to become one of the leading emerging market economies, expecting substantial economic growth and increased energy consumption levels over the next decade. Economic growth and household consumption expenditure positively influence energy demand, while income inequality has opposite effects. Technological innovations reduce non-renewable energy demand and increase renewable energy demand, with oil price shocks having minimal impact on energy demand.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2021)

Article Environmental Sciences

Does green investment, financial development and natural resources rent limit carbon emissions? A provincial panel analysis of China

Yijuan Shen et al.

Summary: This study investigates the impact of natural resources rent, green investment, financial development, and energy consumption on carbon emissions in China. Results show that energy consumption and financial development have a positive impact on carbon emissions, while green investment is negatively correlated and natural resources rent is positively associated with carbon emissions. Recommendations include strengthening natural resource tax laws and promoting green investment and environmental policies to control carbon emissions.

SCIENCE OF THE TOTAL ENVIRONMENT (2021)

Article Environmental Sciences

The influences of renewable electricity generation, technological innovation, financial development, and economic growth on ecological footprints in ASEAN-5 countries

Ayoub Zeraibi et al.

Summary: In Southeast Asian countries, renewable energy and technological innovation can reduce ecological footprints, while financial development and economic growth increase ecological footprints. Therefore, in the future, efforts should be made to enhance renewable electricity generation capacity, invest in technological development, and adopt green growth policies to ensure complementarity between economic growth and environmental welfare.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2021)

Article Mathematics

Assessing the Role of Digital Finance on Shadow Economy and Financial Instability: An Empirical Analysis of Selected South Asian Countries

Aamir Aijaz Syed et al.

Summary: The study in emerging countries found that digital finance has an impact on shadow economy growth and financial stability. Increasing digital finance helps reduce shadow economy growth but also increases systematic risks, while control variables such as unemployment and industrial productivity also play a significant role in financial stability and the shadow economy.

MATHEMATICS (2021)

Article Multidisciplinary Sciences

Mitigating the shadow economy through financial sector development in Indonesia: some empirical results

Sugiharso Safuan et al.

Summary: The study reveals a nonlinear relationship between financial sector development and Indonesia's shadow economy, showing an inverted U-shape curve where the size of the shadow economy expands at the initial stages but decreases with further financial sector development. Foreign direct investment constrains Indonesia's shadow economy, while income growth expands it and the impact of the misery index appears ambiguous. Efforts to widen access to credit markets for micro, small, and medium enterprises and enhance existing poverty reduction programs could help narrow the size of Indonesia's shadow economy.

HELIYON (2021)

Article Environmental Sciences

Do health expenditure and human development index matter in the carbon emission function for ensuring sustainable development? Evidence from the heterogeneous panel

Ruqiya Pervaiz et al.

Summary: This study examines the relationship between health expenditures, GDP, human development index, CO2 emissions, renewable energy, financial development, and electricity consumption. The findings show that health expenditures and electricity consumption have a positive effect on CO2 emissions, while HDI and renewable energy have a negative effect. The study also finds long-term relationships and the presence of an N-shaped Environmental Kuznets Curve.

AIR QUALITY ATMOSPHERE AND HEALTH (2021)

Article Economics

The roles of export diversification and composite country risks in carbon emissions abatement: evidence from the signatories of the regional comprehensive economic partnership agreement

Zeeshan Khan et al.

Summary: The study investigated the impacts of export diversification and composite risk index on CO2 emissions for the RCEP countries, finding that lowering the composite risk index, transitioning to renewable energy, and enhancing environmentally-related technological innovations can help reduce CO2 emissions in the long run, while export diversification may boost CO2 emission levels.

APPLIED ECONOMICS (2021)

Article Business

FinTech, SME efficiency and national culture: Evidence from OECD countries

Kaleemullah Abbasi et al.

Summary: This study reveals that financial technologies have a positive impact on SME efficiency, especially in masculine societies, while individualistic and long-term oriented cultures may have a negative effect on this association. Fintech can help improve SME efficiency, and countries need to support fintech startups with policies, while managers should consider adopting financial technologies to achieve higher company efficiency.

TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE (2021)

Article Public Administration

Shadow economy, corruption, and tax performance: A study ofBRICS

Yadawananda Neog et al.

Summary: This paper analyzes the effects of economic and political variables on tax revenue performance of BRICS for the period 1996-2017. The study finds that economic development, trade openness, and control of corruption enhance tax revenue, while the agriculture sector and shadow economy size hinder tax performance. Some policy options are also discussed based on the results.

JOURNAL OF PUBLIC AFFAIRS (2021)

Article Green & Sustainable Science & Technology

Digital Financial Inclusion and Farmers' Vulnerability to Poverty: Evidence from Rural China

Xue Wang et al.

SUSTAINABILITY (2020)

Article Environmental Sciences

Trade and technological innovation: The catalysts for climate change and way forward for COP21

Chi-Wei Su et al.

JOURNAL OF ENVIRONMENTAL MANAGEMENT (2020)

Article Economics

Financial development and the shadow economy: A multi-dimensional analysis

Nguyen Phuc Canh et al.

ECONOMIC ANALYSIS AND POLICY (2020)

Article Development Studies

Does financial development reduce the size of the informal economy in sub-Saharan African countries?

Henri Njangang et al.

AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT (2020)

Article Public Administration

The shadow economy and sustainable development: The role of financial development

Behrooz Gharleghi et al.

JOURNAL OF PUBLIC AFFAIRS (2020)

Article Business, Finance

Spillover effects of financial development on the informal economic activity Empirical evidence from Turkey

Salih Katircioglu et al.

INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT (2020)

Article Economics

The portrait of Uganda's informal sector: What main obstacles do the sector face?

Salmon Mugoda et al.

COGENT ECONOMICS & FINANCE (2020)

Editorial Material Computer Science, Information Systems

Blockchain Adoption in Supply Chain Networks in Asia

Nir Kshetri et al.

IT PROFESSIONAL (2019)

Article International Relations

BRICS: A Limited Role in Transforming the World

Li Li

STRATEGIC ANALYSIS (2019)

Article Business, Finance

Does economic uncertainty affect domestic credits? an empirical investigation

Giray Gozgor et al.

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY (2019)

Article Business, Finance

Impact of digital finance on financial inclusion and stability

Peterson K. Ozili

BORSA ISTANBUL REVIEW (2018)

Article Business, Finance

Has expansion of mobile phone and internet use spurred financial inclusion in the SAARC countries?

Sanjaya Kumar Lenka et al.

FINANCIAL INNOVATION (2018)

Article Business, Finance

Fintech and regtech: Impact on regulators and banks

Ioannis Anagnostopoulos

JOURNAL OF ECONOMICS AND BUSINESS (2018)

Article Information Science & Library Science

Connecting the poor: the internet, mobile phones and financial inclusion in Africa

Olaniyi Evans

DIGITAL POLICY REGULATION AND GOVERNANCE (2018)

Article Green & Sustainable Science & Technology

Renewable and non-renewable energy consumption and economic growth in emerging economies: Evidence from bootstrap panel causality

Mehmet Akif Destek et al.

RENEWABLE ENERGY (2017)

Article Business, Finance

Exploring the rise of blockchain technology: Towards distributed collaborative organizations

Brett Scott et al.

STRATEGIC CHANGE-BRIEFINGS IN ENTREPRENEURIAL FINANCE (2017)

Article Business, Finance

Impacts of Capital Structure on Performance of Banks in a Developing Economy: Evidence from Bangladesh

Md. Nur Alam Siddik et al.

INTERNATIONAL JOURNAL OF FINANCIAL STUDIES (2017)

Article Economics

Is There a Debt-Threshold Effect on Output Growth?

Alexander Chudik et al.

REVIEW OF ECONOMICS AND STATISTICS (2017)

Article Management

Instance-based credit risk assessment for investment decisions in P2P lending

Yanhong Guo et al.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH (2016)

Article Business, Finance

Private credit spillovers and economic growth: Evidence from BRICS countries

Nahla Samargandi et al.

JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY (2016)

Article Economics

Financial development and the shadow economy: A panel VAR analysis

Aziz N. Berdiev et al.

ECONOMIC MODELLING (2016)

Article Business, Finance

Globalisation, Institutional Reforms and Financial Development in East Asian Economies

Siong Hook Law et al.

WORLD ECONOMY (2015)

Article Business, Finance

Tax evasion, financial development and inflation: Theory and empirical evidence

Manoel Bittencourt et al.

JOURNAL OF BANKING & FINANCE (2014)

Article Economics

Financial development and the underground economy

Salvatore Capasso et al.

JOURNAL OF DEVELOPMENT ECONOMICS (2013)

Article Economics

Tax evasion, the underground economy and financial development

Keith Blackburn et al.

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION (2012)

Article Economics

The impact of banking development on the size of shadow economies

Niloy Bose et al.

JOURNAL OF ECONOMIC STUDIES (2012)

Article Economics

Testing slope homogeneity in large panels

M. Hashem Pesaran et al.

JOURNAL OF ECONOMETRICS (2008)

Article Economics

Testing for error correction in panel data

Joakim Westerlund

OXFORD BULLETIN OF ECONOMICS AND STATISTICS (2007)

Article Economics

A simple panel unit root test in the presence of cross-section dependence

M. Hashem Pesaran

JOURNAL OF APPLIED ECONOMETRICS (2007)

Review Economics

Shadow economies: Size, causes, and consequences

F Schneider et al.

JOURNAL OF ECONOMIC LITERATURE (2000)