Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26194 
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dc.contributor.authorDreher, Axelen
dc.contributor.authorMéon, Pierre-Guillaumeen
dc.contributor.authorSchneider, Friedrich G.en
dc.date.accessioned2008-02-06-
dc.date.accessioned2009-07-28T08:28:54Z-
dc.date.available2009-07-28T08:28:54Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/26194-
dc.description.abstractThis paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is corrected for the shadow economy, the relationship between institutions and output becomes weaker. The impact of institutions on total (“corrected”) factor productivity even becomes insignificant. Differences in corrected output must then be attributed to differences in factor endowments. These results survive several tests for robustness.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2150en
dc.subject.jelO11en
dc.subject.jelO17en
dc.subject.jelO47en
dc.subject.jelO5en
dc.subject.ddc330en
dc.subject.keywordshadow economyen
dc.subject.keywordincomeen
dc.subject.keywordaggregate productivityen
dc.subject.keyworddevelopment accountingen
dc.subject.stwSchattenwirtschaften
dc.subject.stwMessungen
dc.subject.stwGesamtwirtschaftliche Produktionen
dc.subject.stwProduktivitäten
dc.subject.stwInstitutionalismusen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleThe devil is in the shadow :do institutions affect income and productivity or only official income and official productivity?-
dc.typeWorking Paperen
dc.identifier.ppn557920981en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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