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dc.contributor.authorDreher, Axelen_US
dc.contributor.authorMéon, Pierre-Guillaumeen_US
dc.contributor.authorSchneider, Friedrichen_US
dc.date.accessioned2008-10-21en_US
dc.date.accessioned2011-10-06T15:41:06Z-
dc.date.available2011-10-06T15:41:06Z-
dc.date.issued2007en_US
dc.identifier.pidoi:10.3929/ethz-a-005503049en_US
dc.identifier.urihttp://hdl.handle.net/10419/50398-
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.publisherKOF Zürichen_US
dc.relation.ispartofseriesKOF working papers // Konjunkturforschungsstelle, Eidgenössische Technische Hochschule Zürich 179en_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.ppn582965969en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:KOF Working Papers, KOF Konjunkturforschungsstelle, ETH Zürich

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