Measuring the Informal Economy in Latin America and the Caribbean /

This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent tax system and regulatory environment, higher inflation, and dominance of the agriculture sector are...

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Online Access: Full text (MCPHS users only)
Main Author: Vuletin, Guillermo Javier (Author)
Corporate Author: International Monetary Fund
Format: Electronic eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008
Series:IMF working paper ; WP/08/102.
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Local Note:ProQuest Ebook Central

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100 1 |a Vuletin, Guillermo Javier,  |e author. 
245 1 0 |a Measuring the Informal Economy in Latin America and the Caribbean /  |c prepared by Guillermo Vuletin. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
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490 1 |a IMF working paper ;  |v WP/08/102 
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504 |a Includes bibliographical references. 
505 0 |a I. Introduction; II. Methods for Measuring the Size of the Informal Economy; III. Data; A. Cause Variables; B. Indicator Variables; IV. Empirical Results; A. Preliminary Evidence; B. MIMIC Estimation Results ; C. Estimation of the Size of the Informal Economy; D. Relative Contribution of Each Cause Variable to the Size of the Informal Economy ; V. Concluding Remarks ; References ; Appendix; Data Construction and Sources; Figures; 1. MIMIC Estimation Results, Model 1; 2. MIMIC Estimation Results, Model 2; 3. MIMIC Estimation Results, Model 3; 4. Estimated Size of the Informal Economy. 
505 8 |a 5. Caribbean: Contribution of Each Cause Variable to the Size of the Informal EconomyTables; 1. Size of the Informal Economy and VAT Tax Evasion; 2. Correlations Between Cause and Indicator Variables ; 3. Estimated Size of Informal Economy: Standardized and Absolute Values; 4. Caribbean: Estimated Absolute Size of the Informal Economy Under Alternative Model Specifications ; 5. Relative Contribution of Each Causal Variable to the Size of the Informal Economy. 
520 |a This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent tax system and regulatory environment, higher inflation, and dominance of the agriculture sector are key factors in determining the size of the informal economy. The results also confirm that a higher degree of informality reduces labor unionization, the number of contributors to social security schemes, and enrollment rates in education. 
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