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:: Volume 5, Issue 18 (quarterly journal of Fiscal and Economic Policies 2017) ::
3 2017, 5(18): 103-129 Back to browse issues page
THE CAUSAL RELATIONSHIP BETWEEN UNEMPLOYMENT RATE AND UNDERGROUND ECONOMY IN IRAN
HossinAli Rajaee , Khossrow Piraee
Abstract:   (1460 Views)

In this study investigated relationship between IRAN underground economy and unemployment rate for annual data during the period 1973-2015. therefore first , estimated underground economy white using multiple indicator-multiple causes(MIMIC) and next, investigated relationship between underground economy and the unemployment rate. in this paper Furthermore, co-integration relationship between the underground economy and unemployment rate tested causality relationship between underground economy and the unemployment rate with Toda- Yamamoto approach. resulte indicated The underground economy has been rising during study priod Although shown fluctuation in the first half of the period. So that has been increased from 7% in 1973 to 36/5% in 2015. Johansson co-integration test point out the existence of a long-run relationship between the underground economy and unemployment rate and also causality test indicated unidirectionalcausation that runs from unemployment rate to underground economy.

Keywords: Capital Structure, Target Leverage, Speed of Adjustment, Dynamic Trade-off Theory, Partial Adjustment Model.
Full-Text [PDF 1148 kb]   (597 Downloads)    
Type of Study: Research | Subject: General
Received: 2015/07/24 | Accepted: 2017/08/26 | Published: 2017/09/25
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Rajaee H, Piraee K. THE CAUSAL RELATIONSHIP BETWEEN UNEMPLOYMENT RATE AND UNDERGROUND ECONOMY IN IRAN. 3. 2017; 5 (18) :103-129
URL: http://qjfep.ir/article-1-328-en.html


Volume 5, Issue 18 (quarterly journal of Fiscal and Economic Policies 2017) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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