jafarzadeh, hadi

[ 1 ] - Investigating the effect of asymmetric shocks of the shadow economy on energy consumption in terms of financial development in Iran

This paper investigates the effect of positive and negative shocks from the shadow economy and financial development on energy consumption during the period of 1974–2014 in the short and long term using the non-linear Autoregressive Distributed Lag. The ratio of liquidity to GDP has been used as an indicator of financial development, and the volume of the shadow economy calculated by Piraee and...