Dreher, Axel; Méon, Pierre-Guillaume; Schneider, Friedrich - KOF Swiss Economic Institute, Department of Management, … - 2007
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 …