Vuletin, Guillermo Javier.

Measuring the Informal Economy in Latin America and the Caribbean Guillermo Javier Vuletin. [electronic resource] / Guillermo Javier Vuletin. - Washington, D.C. : International Monetary Fund, 2008. - 1 online resource (29 p.) - IMF Working Papers; Working Paper ; No. 08/102 . - IMF Working Papers; Working Paper ; No. 08/102 .

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.

1451869630 : 18.00 USD

1018-5941

10.5089/9781451869637.001 doi


Correlation
Equation
Informal Economy
Latent Variable
Social Security Schemes
Surveys


Antigua and Barbuda
Bahamas, The
Dominican Republic
Saint Vincent and the Grenadines

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