EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/26194
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorDreher, Axelen_US
dc.contributor.authorMéon, Pierre-Guillaumeen_US
dc.contributor.authorSchneider, Friedrich G.en_US
dc.date.accessioned2008-02-06en_US
dc.date.accessioned2009-07-28T08:28:54Z-
dc.date.available2009-07-28T08:28:54Z-
dc.date.issued2007en_US
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_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2150en_US
dc.subject.jelO11en_US
dc.subject.jelO17en_US
dc.subject.jelO47en_US
dc.subject.jelO5en_US
dc.subject.ddc330en_US
dc.subject.keywordshadow economyen_US
dc.subject.keywordincomeen_US
dc.subject.keywordaggregate productivityen_US
dc.subject.keyworddevelopment accountingen_US
dc.subject.stwSchattenwirtschaften_US
dc.subject.stwMessungen_US
dc.subject.stwGesamtwirtschaftliche Produktionen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleThe devil is in the shadow :do institutions affect income and productivity or only official income and official productivity?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn557920981en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
557920981.PDF287.49 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.