Cultural & International

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Financial Development, Corruption and Shadow Economy: Evidence from the MENA Region.

Event Type
Lecture
Sponsor
CSAMES
Date
Apr 11, 2023   12:00 - 1:00 pm  
Speaker
Brahim Guizani, Assistant Professor, Tunis Business School, University of Tunis
Registration
Registration
Contact
Center for South Asian and Middle Eastern Studies
E-Mail
csames@illinois.edu
Phone
217-265-5016
Views
14
Originating Calendar
CSAMES events

Using MENA countries data between 1996 and 2017, our papers aim to answer two important questions: the first is: what are the impacts of the financial development and the quality of institutions (or corruption levels) on the informal/shadow economy? and the second question is: how the interaction between the financial development and the quality of institution can affect the informality? Our results show that as the financial system deepens, and the quality of institutions improve as the informal economy gives grounds to the formal one. We also find that the interaction between financial development and corruption level has a positive impact on reducing informality only in the countries with low levels of financial development.

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