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Andreas Buehn and Mohammad Reza Farzanegan
''Impact of education on the shadow economy: Institutions matter''
( 2013, Vol. 33 No.3 )
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
JEL: I2 - Education: General
O1 - Economic Development: General
Manuscript Received : Oct 09 2012 Manuscript Accepted : Aug 14 2013

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