ABSTRACT: The underground economy is a part of the economy of all countries, particularly developing countries and has serious repercussion on the economy performance and can cause deviations from correct detecting the state of economy and administrating wrong policies. One of concerns of politicians is determination of size and using of strategy methods for decreasing in size and sectional control. Financial development is one of the effective factor for this part and it causes reduction in credit costs and induce reduction for activity in underground parts. For the investigation of financial development on underground economy, we use Autoregressive Distributed Lag (ARDL). In this article, we have used structural equation modelling and multi-index methods. The results show that the ratio of the underground economy volume to gross domestic product were 16.16 percent in 1973 to 2009 and for increasing in monetary development, the underground economy size reduce to 0.21 percent. Also, the results show that the financial development had negative and significant effect on the underground economy on short and long time.
کلید واژگان :Underground economy, MIMIC model, ARDL method
ارزش ریالی : 300000 ریال
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