NSU Research Contributions
Title : Smuggling and the Black Market Premium
Authors : Mohsen Bahmani-Oskooee, Gour Goswami
| Journal Title: Scientific Journal of Administrative Development | Volume Number: 1 | Publication Year : 2003 | Issue Number: 1 |
| Index: indexed | Ranking: No Ranking | ISSN: 1726-3239 | Publisher Name: Aston University |
| Pages : 95-111 | |||
| Funding Source : None |
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Direct Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Indirect Sustainable Development Goals : SDG9 Industry, Innovation & Infrastructure |
Sustainable Development Sub Goals : Develop quality, sustainable infrastructure Upgrade infrastructure and retrofit industries to make them sustainable |
| Impact statement: Empirical studies on the impact of smuggling on the black market premium (BMP) are rare in the literature. This paper adds to the literature on the relationship between smuggling and the black-market premium in the foreign exchange market by pooling data from 70 countries over the period 1956-98 in an unbalanced panel framework. Using tariff levels as a proxy for smuggling into a country and controlling for other macroeconomic variables, our results strongly support the notion that smuggling leads to high BMP in the foreign exchange market, consistent with the theoretical literature. | Collaboration: Partner University | Keywords: Black Market Premium, Smuggling, Tariff |
