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Does the shadow economy raise observed aggregate efficiency? A cross-country comparison

Méon, Pierre-Guillaume; Schneider, Friedrich G.; … - 2006

We analyze how adding the shadow economy to official output figures affects technical efficiency. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency. Our results are robust to the functional form of the production technology and the...

Persistent link: https://www.econbiz.de/10010294534

How does corruption affect public debt? An empirical analysis

Cooray, Arusha; Schneider, Friedrich - 2013

This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military...

Persistent link: https://www.econbiz.de/10010368254

India's structural transformation and role in the world economy

Rada, Codrina; von Arnim, Rüdiger - 2012

This paper employs (1) a three-sector structuralist model of development with informal and formal activities and (2) a global one-sector model with demand determined outputs and bargained distribution to investigate whether India's growth performance can be sustained, where the country might...

Persistent link: https://www.econbiz.de/10010288056

Sub-Saharan growth surprises: Geography, institutions and history in an all African data panel

Cinyabuguma, Matthias; Putterman, Louis - 2006

We use two types of cross-country growth regression models to revisit explanations of slow growth in Africa looking at growth rate variation among African countries only. Both sets of models produce results that are surprising given conclusions based on global sample: within Africa, we .nd...

Persistent link: https://www.econbiz.de/10010318877

Does inflation targeting reduce the dispersion of price setters' inflation expectations?

Paulie, Charlotte - 2018

Using detailed Swedish micro data on prices and costs, this paper documents a decrease in the dispersion of changes in prices and markups following the introduction of an official inflation target of 2 percent. Using a structural model to decompose the change in the price-change distribution by...

Persistent link: https://www.econbiz.de/10012013524

Misallocation and the Recovery of Manufacturing TFP After a Financial Crisis

Chen, Kaiji; Irarrazabal, Alfonso - 2013

financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity (TFP) of the … census. We find that a reduction in resource misallocation accounts for about 46 percent of the growth in manufacturing TFP … reason for the reduction in resource misallocation during this period. …

Persistent link: https://www.econbiz.de/10012143813

Risk-sharing and land misallocation

Pietrobon, Davide; Ruggieri, Alessandro - 2024

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a …' choices, leading them away from maximizing expected incomes and resulting in land misallocation. Using the latest ICRISAT …

Persistent link: https://www.econbiz.de/10015070295

Estimating the size of the shadow economy: Methods, problems and open questions

Schneider, Friedrich; Buehn, Andreas - 2013

This paper presents the various methods to estimate the size of the shadow economy, their strengths and weaknesses. The purpose of the paper is twofold. Firstly, it demonstrates that no ideal method to estimate the size and development of the shadow economy exists. Because of its flexibility,...

Persistent link: https://www.econbiz.de/10010368263

Money, inflation, and unemployment in the presence of informality

Lahcen, Mohammed Aït - 2017

This paper studies the impact of informality on the long-run relationship between inflation and unemployment in developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where money and credit coexist. An increase in inflation...

Persistent link: https://www.econbiz.de/10011969183

Implausible large differences in the sizes of underground economies in highly developed European countries? A comparison of different estimation methods

Schneider, Friedrich - 2017

In this paper, first, the MIMIC estimation method is described and criticized and due to a double counting problem a correction is suggested. Second, the measurement methods used for National Accounts Statistics - the discrepancy method and two new micro survey methods - are described and a...

Persistent link: https://www.econbiz.de/10011916754

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