1 论文标题
The devil is in the shadow
Do institutions affect income and productivity or only official income and official productivity?
2 作者信息
A. Dreher, P-G. Méon, F. Schneide
3 出处和链接（比如，NBER working paper No.11000）CEB Working Paper N° 12/019
May 2012
https://dipot.ulb.ac.be/dspace/bitstream/2013/118565/1/wp12019.pdf
4 摘要
This paper assesses the relationship between institutions, output, and
productivity when official output is corrected 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 total (“corrected”) factor productivity becomes
insignificant. Differences in corrected output must then be attributed to
differences in factor endowments. These results survive several tests for
robustness.