Impact of education on the shadow economy: Institutions matter

Andreas Buehn and Mohammad Reza Farzanegan ()

Economics Bulletin, 2013, vol. 33, issue 3, 2052-2063

Abstract: Using panel data for more than 80 countries from 1999-2007 this paper studies the marginal effect of education on the shadow economy, particularly considering the quality of institutions. The results show that higher levels of education fuel the shadow economy in an environment of weak political institutions.

Keywords: Education; Shadow economy; Institutions (search for similar items in EconPapers)
JEL-codes: I2 O1 (search for similar items in EconPapers)
Date: 2013-08-14
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Citations: View citations in EconPapers (20)

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