An ARDL model of unrecorded and recorded economies in Turkey

Dell’Anno, Roberto; Halıcıoğlu, Ferda

doi:10.1108/01443581011086666

Cited by 52 publications

(15 citation statements)

References 65 publications

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“… For some other applications of these approaches see Apergis and Miller (), Halicioglu (), De Vita and Kyaw (), Dell'Anno and Halicioglu (), Verheyen () and Hajilee and Al‐Nasser (). …”

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confidence: 99%

Asymmetric Effects of Exchange Rate Changes and the J‐curve: New Evidence from 61 Malaysia–Thailand Industries

Bahmani‐Oskooee

Aftab

2016

Review Development Economics

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Research on the impact of currency depreciation on the trade balance is now moving in a new direction by incorporating nonlinear dynamic adjustment of the exchange rate and by using a nonlinear approach to error-correction modeling and cointegration. Using these advances, researchers find not only more evidence of the J-curve effect, but also new evidence of asymmetric effects of exchange rate changes on the trade balance. We contribute to this line of research by using monthly trade flow data from 61 twodigit industries that trade between Malaysia and Thailand, and show that not only does currency depreciation have favorable effects on the trade balance of more industries, but the long-run effects are asymmetric in 26 out of 61 cases. In line with current literature, our nonlinear model performs much better than the linear model when industry level data are used.

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“… For some other applications of these approaches see Apergis and Miller (), Halicioglu (), De Vita and Kyaw (), Dell'Anno and Halicioglu (), Verheyen () and Hajilee and Al‐Nasser (). …”

mentioning

confidence: 99%

Asymmetric Effects of Exchange Rate Changes and the J‐curve: New Evidence from 61 Malaysia–Thailand Industries

Bahmani‐Oskooee

Aftab

2016

Review Development Economics

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“…Similarly, Legalist theory argues that the 'hostile legal system [which] leads the selfemployed to operate informally with their own informal extra-legal norms' is principally responsible for informality (Chen, 2012: 8). Specifically, the Legalist theory argues that firms' participation in the informal economy is by choice, so as to avoid the cost, time and rigorous processes associated with the formal registration of their businesses, and the costs of remaining formal: tax burden, salaries and social security contribution burdens, overregulation, and the high cost of public utilities (De Soto, 1989;Becker, 2004;Macias and Cazzavillan, 2009;Dell'Anno and Halicioglu, 2010). The implication of this theory is that a simplification of, and reduction in, the bureaucratic process will enable microenterprises to formalise and unleash their productive potential; but if state regulation remains burdensome, microenterprises will continue to operate informally (De Soto 1989;Chen 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes approach

Igudia

Ackrill

Coleman

et al. 2016

IJESB

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Positing the implementation of evidenced-based policies to manage the informal economy, our paper employs, in a novel way, the multiple-cause, multiple-indicator model and primary data, to identify the determinants of the Nigerian informal economy. Building on previous literature, relevant determinants of the informal economy were constructed from participants' responses to questions designed to solicit such information. We found the factors responsible for the origin and expansion of the Nigerian informal economy to include: unemployment, a need to be autonomous/self-employed, corruption of government officials/agencies, participants' desire to pay less tax, and participants' need to survive. The greatest influence, in terms of magnitude and impacts, comes from the 'participants' need to survive' factor, followed by corruption. Our policy recommendations follow these identified factors, and recognise the positive and important role played by the informal economy. Although country-specific, our findings/recommendations may be used to inform policy in other countries with similar economic structures as Nigeria.

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“…For other applications of this method see For some other applications of this approach seeHalicioglu (2007Halicioglu ( , 2013,Narayan et al (2007),Tang (2007),Mohammadi et al (2008),Wong and Tang (2008), DeVita and Kyaw (2008),Payne (2008), Dell'Anno andHalicioglu (2010),Chen and Chen (2012),Shahbaz et al (2012),Wong (2013), Bahmani-Oskooee and Zhang (2014),Hajilee and Al-Nasser (2014), andTayebi and Yazdani (2014).…”

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confidence: 96%

Impact of exchange rate volatility on the commodity trade between Pakistan and the US

Bahmani‐Oskooee

Iqbal

Khan

2016

Econ Change Restruct

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The impact of exchange rate volatility on the trade flows has been intensively studied by researchers after the adoption of flexible exchange rate system. Different studies have used data from different countries at different aggregation level. In this paper we consider the experiences of 57 Pakistan's exporting to and 52 importing industries from the US over the period 1980-2014. We find that almost 50 % of the industries are affected by exchange rate volatility in the short-run. However, short-run effects last into the long run only in 26 exporting industries and 18 importing industries. Due to such disaggregation we find that all four large exporting and importing industries are affected positively in the long run. The list includes industries coded 656 (made up articles with 32.45 % of exports share), 841 (clothing with 50.7 % exports share), 263 (cotton with 8.64 % import share) and 282 (iron and steel scrap with 2.10 % imports share).

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An ARDL model of unrecorded and recorded economies in Turkey

Abstract: The goal of this paper is twofold: to estimate the unrecorded economy (UE) of Turkey over the period 1987-2007 using

Cited by 52 publications

References 65 publications

Asymmetric Effects of Exchange Rate Changes and the J‐curve: New Evidence from 61 Malaysia–Thailand Industries

Asymmetric Effects of Exchange Rate Changes and the J‐curve: New Evidence from 61 Malaysia–Thailand Industries

Determinants of the informal economy of an emerging economy: a multiple indicator, multiple causes approach

Impact of exchange rate volatility on the commodity trade between Pakistan and the US

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