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Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?

The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicati...

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Main Authors:	Din, Badariah, Habibullah, Muzafar Shah, Abdul Hamid, Baharom
Format:	Article
Language:	English
Published:	Universiti Malaysia Sarawak 2019
Subjects:	HC Economic History and Conditions
Online Access:	http://repo.uum.edu.my/26696/1/IJBS%2020%203%202019%201062%201075.pdf http://repo.uum.edu.my/26696/ http://www.ijbs.unimas.my/index.php/content-abstract/current-issue?start=10
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id	my.uum.repo.26696
record_format	eprints
spelling	my.uum.repo.266962020-01-12T07:49:23Z http://repo.uum.edu.my/26696/ Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy? Din, Badariah Habibullah, Muzafar Shah Abdul Hamid, Baharom HC Economic History and Conditions The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size of the shadow economy by removing barriers for easy access to the credit market and further reform of the financial sector should be the focus. Universiti Malaysia Sarawak 2019 Article PeerReviewed application/pdf en http://repo.uum.edu.my/26696/1/IJBS%2020%203%202019%201062%201075.pdf Din, Badariah and Habibullah, Muzafar Shah and Abdul Hamid, Baharom (2019) Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy? International Journal of Business and Society, 20 (3). pp. 1062-1075. ISSN 1511-6670 http://www.ijbs.unimas.my/index.php/content-abstract/current-issue?start=10
institution	Universiti Utara Malaysia
building	UUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Utara Malaysia
content_source	UUM Institutional Repository
url_provider	http://repo.uum.edu.my/
language	English
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Din, Badariah Habibullah, Muzafar Shah Abdul Hamid, Baharom Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
description	The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size of the shadow economy by removing barriers for easy access to the credit market and further reform of the financial sector should be the focus.
format	Article
author	Din, Badariah Habibullah, Muzafar Shah Abdul Hamid, Baharom
author_facet	Din, Badariah Habibullah, Muzafar Shah Abdul Hamid, Baharom
author_sort	Din, Badariah
title	Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
title_short	Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
title_full	Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
title_fullStr	Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
title_full_unstemmed	Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?
title_sort	re-estimation and modelling shadow economy in malaysia: does financial development mitigate shadow economy?
publisher	Universiti Malaysia Sarawak
publishDate	2019
url	http://repo.uum.edu.my/26696/1/IJBS%2020%203%202019%201062%201075.pdf http://repo.uum.edu.my/26696/ http://www.ijbs.unimas.my/index.php/content-abstract/current-issue?start=10
_version_	1657490374731497472
score	13.211869

Re-estimation and modelling shadow economy in Malaysia: does financial development mitigate shadow economy?

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