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show that higher informality is also associated with weaker income convergence across countries over time. … official authorities for various reasons, in financial development convergence. Using panel data from 156 countries over the … period of 1991-2017, we find that financial development (as measured by credit as share of GDP) tends to converge across …
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sector in developing countries. The phenomenon of mobile banking is such an example. …
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The shadow economy has been a serious problem with varying dimensions in all the income group economies and has significant adverse effects on the development of economies. Therefore, all the countries have tried to combat with the shadow economy by taking various measures. This study researches...
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