Measuring the Informal Economy in Latin America and the Caribbean [electronic resource] / Guillermo Javier Vuletin.
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TextSeries: IMF Working Papers; Working Paper ; No. 08/102Publication details: Washington, D.C. : International Monetary Fund, 2008Description: 1 online resource (29 p.)ISBN: 1451869630 :ISSN: 1018-5941Subject(s): Correlation | Equation | Informal Economy | Latent Variable | Social Security Schemes | Surveys | Antigua and Barbuda | Bahamas, The | Dominican Republic | Saint Vincent and the GrenadinesAdditional physical formats: Print Version:: Measuring the Informal Economy in Latin America and the CaribbeanOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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