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...

This study focuses on the determinants of bilateral and multilateral aid given to developing countries. We try to model the allocation process of different types of foreign aid and derive testable hypotheses using the public choice framework. The decisive motives are identified by explicitly...