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Does taking the shadow economy into account matter when measuring aggregate efficiency?
[Zeitschriftenartikel]
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... mehr
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.... weniger
Klassifikation
Volkswirtschaftstheorie
Sprache Dokument
Englisch
Publikationsjahr
2010
Seitenangabe
S. 2303-2311
Zeitschriftentitel
Applied Economics (2010)
DOI
https://doi.org/10.1080/00036840903166210
ISSN
1466-4283
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)