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Nonlinearity between the shadow economy and level of development

Wu, Dong; Schneider, Friedrich - 2019

This paper is the first attempt to directly explore the long-run nonlinear relationship between the shadow economy and level of development. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and...

Persistent link: https://www.econbiz.de/10012009455

Remittance concentration and volatility : evidence from 72 developing countries

Hosny, Amr - 2020

, and volatility in the remittance-sending country …

Persistent link: https://www.econbiz.de/10012252729

Nonresident capital flows and volatility : evidence from Malaysia's local currency bond market

Grigorian, David A. - 2019

volatility. The paper provides an overview of the recent developments in the conventional debt market. It builds an empirical two … that nonresident flows are behind the observed exchange rate volatility. The results suggest that the public debt market in … Malaysia responds adequately to both pull and push factors and find no firm evidence that nonresident flows cause volatility in …