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Does taking the shadow economy into account matter when measuring aggregate efficiency?

[Zeitschriftenartikel]

Méon, Pierre-Guillaume; Schneider, Friedrich; Weill, Laurent

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-242799

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Abstract We analyze how adding the shadow economy to official output figures affects estimated technical efficiency at the country level. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency in a sample of 87 to 97 countries, both developed and developing. Our results are robust to the functional form of the production technology and the adjustment of labour to account for years of schooling.
Klassifikation Volkswirtschaftstheorie
Sprache Dokument Englisch
Publikationsjahr 2010
Seitenangabe S. 2303-2311
Zeitschriftentitel Applied Economics (2010)
DOI http://dx.doi.org/10.1080/00036840903166210
ISSN 1466-4283
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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