Financial Development and the Shadow Economy: Evidence from South Africa
2017
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Advisor: Hasan Güngör
Abstract (EN)
South Africa is one of the fast-developing nations in African continent. Financial sector development is observed to be faster and wide spread compared to other countries in Africa. But the level of shadow economy is still a problem in this country. The research investigates the links between financial development and shadow economy in South Africa for the period of 1970-2009. Financial development data is obtained from the World Bank Economic Indicators and South African Reserve Bank whereas shadow economy data is obtained from Elgin and Öztunalı (2012). Time series econometrics is employed for the analysis of the case. The results are indicative for other African countries.
Author
Dr. Ayodeji Oluwaseyi Jimoh
How to Cite
Ayodeji Oluwaseyi Jimoh (Master Thesis). Financial Development and the Shadow Economy: Evidence from South Africa, 2017, Eastern Mediterranean University.
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