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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...
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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/10009747058
Persistent link: https://www.econbiz.de/10003777259
Persistent link: https://www.econbiz.de/10003784321
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