pt. 1. Size and development of the shadow economies all over the world -- pt. 2. Regional variation in the size and …

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …

; income ; aggregate productivity ; efficiency …