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

[journal article]

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

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Please use the following Persistent Identifier (PID) to cite this document: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.
Classification National Economy
Document language English
Publication Year 2010
Page/Pages p. 2303-2311
Journal Applied Economics (2010)
DOI http://dx.doi.org/10.1080/00036840903166210
ISSN 1466-4283
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)