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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...
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size of the shadow economy allows to mitigate the negative consequences of low oil prices on the likelihood of protest. To … explain these results, we show that negative oil price shocks lead to a significant increase in the size of the shadow economy …
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-shaped relationship between the shadow economy size and GDP per capita. Our results imply that the shadow economy tends to increase when …
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