English, Article, Journal or magazine article edition: Does taking the shadow economy into account matter to measure aggregate efficiency? Pierre-Guillaume Méon; Friedrich Schneider; Laurent Weill

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Bookmark: http://trove.nla.gov.au/version/110896
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does taking the shadow economy into account matter to measure aggregate efficiency?
Author
  • Pierre-Guillaume Méon
  • Friedrich Schneider
  • Laurent Weill
Physical Description
  • preprint
Notes
  • RePEc:sol:wpaper:07-027
  • 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.
  • shadow economy, income, aggregate productivity, efficiency.
  • RePEc:dul:wpaper:07-18rs
Language
  • English
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