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Threshold impact of shadow economy on sustainable development in high and low-financial development countries
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This study investigates the impact of the shadow economy on sustainable development in 54 countries (categorised as high and low financial development) from 2008 to 2021, using Bayesian regression. Utilizing a sophisticated Bayesian regression analysis, our study unearths a compelling negative relationship between the shadow economy and sustainable development within both of these groups of nations.
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