Do financial development and institutional quality impede or stimulate the shadow economy? A comparative analysis of developed and developing countries
Abstract Financial development (FD) and institutional quality (IQ) shape the invisible informal economies. This study conducts an empirical analysis of how financial development (FD) and institutional quality (IQ) impact the hidden shadow economy, with a particular focus on the differences between d...
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| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2025-01-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-024-04347-w |
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