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dc.contributor.authorKaraga, Runesu
dc.date.accessioned2017-06-08T10:10:38Z
dc.date.available2017-06-08T10:10:38Z
dc.date.issued2016-05
dc.identifier.citationKaraga, R. (2015). The size of the informal economy and its impact on tax revenues in Zimbabwe: 2009-2013 (Unpublished master's thesis). University of Zimbabwe.en_US
dc.identifier.urihttp://hdl.handle.net/10646/3230
dc.description.abstractThis study estimated the size of the informal economy using time series analysis for Zimbabwe using monthly data for the period 2009 -2013. The study makes use of the indirect approach for measuring the informal economy, the monetary approach which makes use of the money demand model. Ordinary Least Squares (OLS) econometric estimation technique was used to estimate the money demand model for Zimbabwe where money supply growth component (M2) was the dependent variable while inflation rates, tax revenue, industrial index and commercial banks’ deposit interest rate were the explanatory variables. Industrial index is taken as a proxy to GDP. From the regression analysis, the model was found to be significant and its estimates turned out as expected and we found out that tax revenue has the greatest impact on money demand hence determining the size of the informal economy. On average the size of the informal economy for the entire period as a percentage of the industrial index averages at 39%, where the highest average of 52% was attained in 2010. Findings of a significant informal economy have implications for the conduct of monetary policy and fiscal policy. The paper further discusses the policy implications of the findings.en_US
dc.description.sponsorshipAfrican Economic Research Consortium (AERC)en_US
dc.language.isoen_ZWen_US
dc.subjectinformal economyen_US
dc.subjectmonetary approachen_US
dc.subjecttax revenueen_US
dc.subjectDemand for moneyen_US
dc.subjectZimbabween_US
dc.titleThe size of the informal economy and its impact on tax revenues in Zimbabwe: 2009-2013en_US
dc.contributor.registrationnumberR041565Yen_US
thesis.degree.advisorChakravarti, Ashok
thesis.degree.countryZimbabween_US
thesis.degree.disciplineEconomicsen_US
thesis.degree.facultyFaculty of Social Studiesen_US
thesis.degree.grantorUniversity of Zimbabween_US
thesis.degree.grantoremailspecialcol@uzlib.uz.ac.zw
thesis.degree.levelMScen_US
thesis.degree.nameMaster of Science in Economicsen_US
thesis.degree.thesistypeThesisen_US
dc.date.defense2014-05


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