1.

Record Nr.

UNINA9910788239203321

Autore

Vuletin Guillermo Javier

Titolo

Measuring the Informal Economy in Latin America and the Caribbean / / Guillermo Javier Vuletin

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2008

ISBN

1-4623-0131-2

9786612840579

1-4518-6963-0

1-282-84057-6

1-4519-8931-8

Descrizione fisica

1 online resource (31 p.)

Collana

IMF Working Papers

Disciplina

330

Soggetti

Taxation - Econometric models - Taxation - Latin America

Taxation - Econometric models - Taxation - Caribbean Area

Informal sector (Economics) - Latin America - Econometric models

Macroeconomics

Money and Monetary Policy

Taxation

Economics: General

Agribusiness

Informal Economy

Underground Econom

Labor Economics: General

Taxation, Subsidies, and Revenue: General

Agriculture: General

Monetary Systems

Standards

Regimes

Government and the Monetary System

Payment Systems

Economics of specific sectors

Labour

income economics

Public finance & taxation

Agricultural economics

Monetary economics

Informal economy

Labor



Tax incidence

Agricultural sector

Currencies

Informal sector

Economics

Labor economics

Tax administration and procedure

Agricultural industries

Money

Trinidad and Tobago

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; 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

5. Caribbean: Contribution of Each Cause Variable to the Size of the Informal Economy Tables; 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

Sommario/riassunto

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.