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Estimating the size of the underground economy in the UAE: Evidence from Gregory-Hansen cointegration based currency demand approach


Mohammed Gamal, Awadh Ahmed and Dahalan, Jauhari (2015) Estimating the size of the underground economy in the UAE: Evidence from Gregory-Hansen cointegration based currency demand approach. Review of Integrative Business and Economics Research, 4 (3). pp. 183-206. ISSN 2304-1013

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Abstract

The paper estimates the size of the underground economy and tax evasion in the UAE over the period of 1991:1-2010:4. The study based on currency demand approach model as a proxy to measure the underground economy.The results indicate that the size of the underground economy in the UAE grew significantly on average of 10.34% of the GDP over the study period. The rate of tax evasion on the non-oil tax revenues reached, on average, 10.34% over the study period. Nevertheless, the rate of tax evasion to the GDP remained, on average, at its lowest level at 0.63%.

Item Type: Article
Uncontrolled Keywords: Underground Economy, Tax Evasion, Currency Demand Approach, Structural Break
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Prof. Dr. Jauhari Dahalan
Date Deposited: 15 Sep 2015 07:52
Last Modified: 17 Apr 2016 00:38
URI: http://repo.uum.edu.my/id/eprint/15498

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