Impact of Shadow Economy on Sustainable Development in Africa

References

• Ajide, F. M., (2022). Economic complexity and entrepreneurship: Insights from Africa. International Journal Of Development Issues, (ahead-of-print).
   Google Scholar
• Ajide, F. M., & Dada, J. T. (2022). The impact of ICT on shadow economy in West Africa. International Social Science Journal, 72(245), 749–767. https://doi.org/10.1111/issj.12337
   Google Scholar
• Ajide, F. M., Dada, J. T., & Olowookere, J. K. (2022). Shadow economy and foreign direct investment in Nigerian manufacturing industry. International Journal of Economics and Business Research, 23(2), 156–180. https://doi.org/10.1504/IJEBR.2022.120646
   Google Scholar
• Ajide, F. M., Osinubi, T. T., & Dada, J. T. (2021). Economic globalization, entrepreneurship, and inclusive growth in Africa. Journal of Economic Integration, 36(4), 689–717.
   Web of Science ®Google Scholar
• Akinlo, T., & Dada, J. T. (2022). Information technology, real sector and economic growth in sub-Saharan Africa: A cross-sectional dependence approach. Quality & Quantity, 56(6), 4241–4267. https://doi.org/10.1007/s11135-021-01308-2
   Google Scholar
• Alvarado, R., Tillaguango, B., Murshed, M., Ochoa-Moreno, S., Rehman, A., Işık, C., & Alvarado-Espejo, J. (2022). Impact of the informal economy on the ecological footprint: The role of urban concentration and globalization. Economic Analysis and Policy, 75, 750–767.
   Web of Science ®Google Scholar
• Amaral, P. S., & Quintin, E. (2006). A competitive model of the informal sector. Journal of Monetary Economics, 53(7), 1541–1553. https://doi.org/10.1016/j.jmoneco.2005.07.016
   Web of Science ®Google Scholar
• Atamanov, A., Jolliffe, D. M., Lakner, C., & Prydz, E. B. (2018). Purchasing power parities used in global poverty measurement. World Bank Group Global Poverty Monitoring Technical Note, 5.
   Google Scholar
• Bailey, D. H. (1966). The effects of corruption in a development nation/the western political quarterly.
   Google Scholar
• Baklouti, N., & Boujelbene, Y. (2019). Shadow economy, corruption, and economic growth: An empirical analysis. The Review of Black Political Economy, 1–19, https://doi.org/10.1177/0034644619885349
   Google Scholar
• Baloch, A., Shah, S. Z., Rasheed, S., & Rasheed, B. (2021). The impact of shadow economy on environmental degradation: Empirical evidence from Pakistan. GeoJournal, 87(3), 1887–1912. https://doi.org/10.1007/s10708-020-10354-6
   Web of Science ®Google Scholar
• Basbay, M., Elgin, C., & Torul, O., 2016. Energy consumption and the size of the informal economy (Working paper). Econstor.
   Google Scholar
• Becker, G. S. (1968). Crime and punishment: An economic approach. In The economic dimensions of crime (pp. 13–68). Palgrave Macmillan.
   Google Scholar
• Beck, P., & Mahler, M. (1986). A comparison of bribery and bidding in thin markets. Economics Letters, 20(1), 1–5. https://doi.org/10.1016/0165-1765(86)90068-6
   Web of Science ®Google Scholar
• Benkraiem, R., Lahiani, A., Miloudi, A., & Shahbaz, M. (2019). The asymmetric role of shadow economy in the energy-growth nexus in Bolivia. Energy Policy, 125, 405–417. https://doi.org/10.1016/j.enpol.2018.10.060
   Web of Science ®Google Scholar
• Berdiev, A. N., Saunoris, J. W., & Schneider, F. (2020). Poverty and the shadow economy: The role of governmental institutions. The World Economy, 43(4), 921–947.
   Web of Science ®Google Scholar
• Besley, T., Ilzetzki, E., & Persson, T. (2013). Weak states and steady states: The dynamics of fiscal capacity. American Economic Journal: Macroeconomics, 5(4), 205–235. https://doi.org/10.1257/mac.5.4.205
   Web of Science ®Google Scholar
• Cervero, R. (2000) Informal transport in the developing world. UN-Habitat
   Google Scholar
• Chen, H., Hao, Y., Li, J., & Song, X. (2018). The impact of environmental regulation, shadow economy, and corruption on environmental quality: Theory and empirical evidence from China. Journal of Cleaner Production, https://doi.org/10.1016/j.jclepro.2018.05.206
   Web of Science ®Google Scholar
• Chen, M., Sinha, A., Hu, K., & Shah, M. I. (2021). Impact of technological innovation on energy efficiency in industry 4.0 era: Moderation of shadow economy in sustainable development. Technological Forecasting & Social Change, 164(2021), 120521. https://doi.org/10.1016/j.techfore.2020.120521
   Web of Science ®Google Scholar
• Dada, J. T., & Ajide, F. M. (2021). The moderating role of institutional quality in shadow economy-pollution nexus in Nigeria. Management of Environmental Quality, 32(3), 506–523. https://doi.org/10.1108/MEQ-10-2020-0238
   Web of Science ®Google Scholar
• Dada, J. T., Ajide, F. M., & Adeiza, A. (2021). Shadow economy and environmental pollution in West African countries: The role of institutions. Global Journal of Emerging Market Economies, 14(3), 366–389. https://doi.org/10.1177/09749101211049038
   Google Scholar
• Dada, J. T., Ajide, F. M., & Arnaut, M. (2023). Income inequality, shadow economy and environmental sustainability in Africa: Quantile regression via moment’s approach. International Journal of Developing Issues. https://doi.org/10.1108/IJDI-11-2022-0248
   Google Scholar
• Dada, J. T., Ajide, F. M., Arnaut, M., & Adeiza, A. (2023). On the shadow economy-environmental sustainability nexus in Africa: The (ir)relevance of financial development. International Journal of Sustainable Development and World Ecology, 30(1), 6–20. https://doi.org/10.1080/13504509.2022.2115576
   Web of Science ®Google Scholar
• Dada, J. T., Ajide, F. M., & Sharimakin, A. (2021). Shadow economy, institutions and environmental pollution: Insights from Africa. World Journal of Science, Technology and Sustainable Development, 18(2), 153–171. https://doi.org/10.1108/WJSTSD-12-2020-0105
   Web of Science ®Google Scholar
• Dada, J. T., Olaniyi, C. O., Ajide, F. M., Adeiza, A., & Arnaut, M. (2022). Informal economy and ecological footprint: The case of Africa, environmental science and pollution research. Springer. https://doi.org/10.1007/s11356-022-20919-2
   Google Scholar
• Dell’Anno, R. (2021). Theories and definitions of the informal economy: A survey. Journal of Economic Surveys, 36(5), 1610–1643. https://doi.org/10.1111/joes.12487
   Web of Science ®Google Scholar
• Dell’Anno, R., Antonio, M. G., & Pardo, A. (2007). The shadow economy in three Mediterranean countries: France, Spain and Greece. A MIMIC approach. Empirical Economics, 33(1), 51–84. https://doi.org/10.1007/s00181-006-0084-3
   Web of Science ®Google Scholar
• D’Erasmo, P. N., & Boedo, H. J. M. (2012). Financial structure, informality and development. Journal of Monetary Economics, 59(3), 286–302. https://doi.org/10.1016/j.jmoneco.2012.03.003
   Web of Science ®Google Scholar
• DeSoto, L. A., Choi, H. S., Haynor, D. R., Kim, Y., Burchiel, K. J., & Roberts, T. S. (1989, May). Multiplanar imaging system for stereotaxic neurosurgery. In Medical imaging III: Image capture and display (Vol. 1091, pp. 31–41). SPIE.
   Google Scholar
• Destek, M. A., & Aydın, S. (2022). An empirical note on tourism and sustainable development nexus. Environmental Science and Pollution Research, 29(23), 34515–34527. https://doi.org/10.1007/s11356-021-18371-9
   PubMed Web of Science ®Google Scholar
• Djankov, S., La Porta, R., Lopez‐de‐silanes, F., & Shleifer, A. (2002). The regulation of entry. The Quarterly Journal of Economics, 117(1), 1–37. https://doi.org/10.1162/003355302753399436
   Web of Science ®Google Scholar
• Dreher, A., & Schneider, F. (2006). Corruption and the shadow economy: An empirical analysis. CREMA Working Paper Series 2006‐01. Center for Research in Economics, Management and the Arts (CREMA):
   Google Scholar
• Driscoll, J. C., & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. The Review of Economics and Statistics, 80(4), 549–560.
   Web of Science ®Google Scholar
• Eilat, Y., & Zinnes, C. (2000). The evolution of the shadow economy in transition countries: Consequences for economic growth and donor assistance. Harvard Institute for International Development, CAER II Discussion Paper, 83, 1–70.
   Google Scholar
• Elgin, C., Kose, M. A., Ohnsorge, F., & Yu, S. (2021). Understanding informality. World Bank Working Paper
   Google Scholar
• Elgin, C., & Oztunali, O. (2014). Pollution and informal economy. Econ System, 38(3), 333–349. https://doi.org/10.1016/j.ecosys.2013.11.002
   Web of Science ®Google Scholar
• Feige, E. L. (1989). The underground economies: Tax evasion and information distortion. Cambridge University Press.
   Google Scholar
• Frees, E. W. (1995). Assessing cross-sectional correlation in panel data. Journal of Econometrics, 69, 393–414.
   Web of Science ®Google Scholar
• Frees, E. W. (2004). Longitudinal and Panel Data: Analysis and Applications in the Social Sciences. Cambridge University Press.
   Google Scholar
• Friedman, M. (1937). The use of ranks to avoid the assumption of normality implicit in the analysis of variance. Journal of the American Statistical Association, 32, 675–701.
   Web of Science ®Google Scholar
• Gulyani, S., & Talukdar, D. (2010). Inside informality: The links between poverty, microenterprises, and living conditions in Nairobi’s slums. World Development, 38(12), 1710–1726.
   Web of Science ®Google Scholar
• Güney, T. (2021). Renewable energy consumption and sustainable development in high-income countries. International Journal of Sustainable Development & World Ecology, 28(4), 376–385.
   Web of Science ®Google Scholar
• Güney, T., & Kantar, K. (2020). Biomass energy consumption and sustainable development. International Journal of Sustainable Development & World Ecology, 27(8), 762–767. https://doi.org/10.1080/13504509.2020.1753124
   Web of Science ®Google Scholar
• Hickel, J. (2020). The sustainable development index: Measuring the ecological efficiency of human development in the anthropocene. Ecological Economics, 167, 106331. https://doi.org/10.1016/j.ecolecon.2019.05.011
   Web of Science ®Google Scholar
• Hoinaru, R. (2017). Follow the money. The impact of the illicit financial flows home and abroad. A common European-African perspective. Romanian Journal of Economics, Institute of National Economy, 44(1(53)), 87–94.
   Google Scholar
• Hoinaru, R., Buda, D., Borlea, S. N., Vaidean, V. L., & Achim, M. V. (2020). The impact of corruption and shadow economy on the economic and sustainable development. Do they “Sand the wheels” or “Grease the wheels”? Sustainability, 12(2), 481. https://doi.org/10.3390/su12020481
   Web of Science ®Google Scholar
• Huynh, C. M. (2020). Shadow economy and air pollution in developing Asia: What is the role of fiscal policy? Environmental Economics and Policy Studies, 22(3), 357–381. https://doi.org/10.1007/s10018-019-00260-8
   Web of Science ®Google Scholar
• Imamoglu, H. (2018). Is the informal economic activity a determinant of environmental quality? Environmental Science and Pollution Research, 25(29), 29078–29088. https://doi.org/10.1007/s11356-018-2925-y
   PubMed Web of Science ®Google Scholar
• Jiang, T., & Nie, H. (2014). The stained China miracle: Corruption, regulation, and firm performance. Economics Letters, 123(3), 366–369. https://doi.org/10.1016/j.econlet.2014.03.026
   Web of Science ®Google Scholar
• Kao, C., & Chiang, M. H. (2000). On the estimation and inference of a cointegrated regression in panel data. In Nonstationary panels, panel cointegration, and dynamic panels (Vol. 15, pp. 179–222). Emerald Group Publishing Limited.
   Google Scholar
• Koirala, B. S., & Pradhan, G. (2019). Determinants of sustainable development: Evidence from 12 Asian countries. Sustainable Development, 28(1), 39–45.
   Web of Science ®Google Scholar
• La Porta, R., & Shleifer, A. (2014). Informality and development. Journal of Economic Perspectives, 28(3), 109–126.
   Web of Science ®Google Scholar
• Leff, N. H. (1964). Economic development through bureaucratic corruption. The American Behavioral Scientist, 8(3), 8–14.
   Google Scholar
• Loayza, N., & Palacios, L. (1997). Economic reform and progress in Latin America and the Caribbean (Vol. 1829). World Bank Publications.
   Google Scholar
• Machado, J. A., & Silva, J. S. (2019). Quantiles via moments. Journal of Econometrics, 213(1), 145–173.
   Web of Science ®Google Scholar
• Mankiw, N. G. (1999). The savers–spenders theory of fiscal policy. The American Economic Review, 90(2), 120–125.
   Web of Science ®Google Scholar
• Mauro, P. (1995). Corruption and growth. The Quarterly Journal of Economics, 110(3), 681–712. https://doi.org/10.2307/2946696
   Web of Science ®Google Scholar
• Mazhar, U., & Jafri, J. (2017). Can the shadow economy undermine the effect of political stability on inflation? Empirical evidence. Journal of Applied Economics, 20(2), 395–420. https://doi.org/10.1016/S1514-0326(17)30018-1
   Web of Science ®Google Scholar
• Medina, & Schneider. (2018) Shadow economies around the world: What did we learn over the last 20 years? IMF Working paper WP/18/17.
   Google Scholar
• Medina, L., & Schneider, F. (2019). Shedding light on the shadow economy: A global database and the interaction with the official one. IMF Working Paper
   Google Scholar
• Montalvo, J. G. (1995). Comparing cointegrating regression estimator: Some additional Monte Carlo results. Economics Letter, 48(3–4), 229–234. https://doi.org/10.1016/0165-1765(94)00632-C
   Web of Science ®Google Scholar
• Nguyen, D. V., & Duong, M. T. H. (2021). Shadow economy, corruption and economic growth: An analysis of BRICS countries. The Journal of Asian Finance, Economics and Business, 8(4), 665–672.
   Web of Science ®Google Scholar
• Nkengfack, H., Kaffo, F. H., & Totouom, A. (2020). How does the shadow economy affect environmental quality in Sub-Saharan Africa? Evidence from heterogeneous panel estimations. Journal of Knowledge Economy. https://doi.org/10.1007/s13132-020-00685-7
   Web of Science ®Google Scholar
• Olaniyi, C. O., & Oladeji, S. I. (2020). Interplay between financial sector and institutional framework in the economic growth process of Kenya. Journal of Public Affairs, 22(1), 1–20. https://doi.org/10.1002/pa.2562
   Web of Science ®Google Scholar
• Osinubi, T., Adedoyin, A., Osinubi, O., & Ajide, F. M. (2022). Does tourism affect sustainable development in MINT countries? Global Journal of Emerging Market Economies, 1–21. https://doi.org/10.1177/09749101211064388
   Google Scholar
• Padroni, C. (2004). Emilia Formíggini Santamaria: Storica della pedagogia e della scuola. Aracne.
   Google Scholar
• Pang, J., Mu, H., & Zhang, M. (2020). Interaction between shadow economy and pollution: Empirical analysis based on panel data of northeast China. Environmental Science and Pollution Research, 27, 21353–21363.
   PubMed Web of Science ®Google Scholar
• Pedroni, P. (2001). Fully modified OLS for heterogeneous cointegrated panels. In Nonstationary panels, panel cointegration, and dynamic panels (Vol. 15, pp. 93–130). Emerald Group Publishing Limited.
   Google Scholar
• Pesaran, M. H. 2004. General diagnostic tests for cross section dependence in panels. University of Cambridge, Faculty of Economics, Cambridge Working Papers in Economics No. 0435.
   Google Scholar
• Petersen, H. G., Thießen, U., & Wohlleben, P. (2010). Shadow economy, tax evasion, and transfer fraud–definition, measurement, and data problems. International Economic Journal, 24(4), 421–441.
   Google Scholar
• Poufinas, T., Galanos, G., & Agiropoulos, C. (2021). The impact of competitiveness on the shadow economy. International Advances in Economic Research, 27, 29–46. https://doi.org/10.1007/s11294-021-09820-9
   Web of Science ®Google Scholar
• Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions rule: The primacy of institutions over geography and integration in economic development. Journal of Economic Growth, 9, 131–165.
   Web of Science ®Google Scholar
• Ruzek, W. (2015). The informal economy as a catalyst for sustainability. Sustainability, 7(1), 23–34.
   Web of Science ®Google Scholar
• Saafi, S., Nouira, R., & Assidi, N. (2022). On the nonlinear relationship between shadow economy and the three pillars of sustainable development: New evidence from panel threshold analysis. Studies in Nonlinear Dynamics and Econometrics. https://doi.org/10.1515/snde-2021-0099
   PubMed Web of Science ®Google Scholar
• Sahakyan, N., & Stiegert, K. W. (2012). Corruption and firm performance. Eastern European Economics, 50(6), 5–27.
   Web of Science ®Google Scholar
• Samuelson, P. A., & Nordhaus, W. D.(1998). Volkswirtschaftslehre. Wien: Ueberreuter.
   Google Scholar
• Sarte, P. D. G. (2000). Informality and rent-seeking bureaucracies in a model of long-run growth. Journal of Monetary Economics, 46(1), 173–197.
   Web of Science ®Google Scholar
• Schneider, F., & Buehn, A. (2013, June). Shadow Economies in Highly Developed OECD-Countries: What are the Driving Forces?. Discussion Paper.
   Google Scholar
• Schneider, F., & Buehn, A. (2018). Shadow economy: Estimation methods, problems, results and open questions. Open Economics, 1(1), 1–29.
   Google Scholar
• Schneider, F., & Enste, D. H. (2000). Shadow economies: Size, causes, and consequences. Journal of Economic Literature, 38(1), 77–114. doi:10.1257/jel.38.1.77.
   Web of Science ®Google Scholar
• Sohail, M. T., Ullah, S., Majeed, M. T., Usman, A., & Andlib, Z. (2021). The shadow economy in South Asia: Dynamic effects on clean energy consumption and environmental pollution. Environmental Science and Pollution Research, 28, 29265–29275. https://doi.org/10.1007/s11356-021-12690-7
   PubMed Web of Science ®Google Scholar
• Stojanovi’c, I., Ateljevi’c, J., & Stevi’c, R. S. (2016). Good governance as a tool of sustainable development. European Journal of Sustainable Development, 5, 558–573. https://doi.org/10.14207/ejsd.2016.v5n4p558
   Google Scholar
• Sultana, N., Rahman, M. M., & Khanam, R. (2022). The effect of the informal sector on sustainable development: Evidence from developing countries. Business Strategy & Development, 1–15. https://doi.org/10.1002/bsd2.217
   Google Scholar
• Todorov, T. (2019). The typology of detective fiction (1966). In Chris Greer, Crime and media (pp. 291–301). Routledge.
   Google Scholar
• Zaman, G., & Goschin, Z. (2015). Shadow economy and economic growth in Romania. Cons and pros. Procedia Economics and Finance, 22, 80–87. https://doi.org/10.1016/S2212-5671(15)00229-4
   Google Scholar