Measuring the Informal Economy in Latin America and the Caribbean

Vúletin, Guillermo

doi:10.5089/9781451869637.001

Cited by 94 publications

(71 citation statements)

References 16 publications

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“…Schneider and Enste [55] had estimated the informal economy of Mexico to be varying between 27 percent and 49 percent of GDP using other commonly used approaches (Physical Input or Electricity Consumption method, Currency Demand approach and the Multiple Indicators and Multiple Causes (MIMIC) model). Vuletin [56] estimated the informal economy of Mexico to be 28 percent of GDP using the MIMIC approach. Although some of the disaggregated GDP values of the states of Mexico have large residual errors, the power of the mean strengthens our argument that the informal/remittance economy of Mexico is larger than the official estimates.…”

Section: Discussionmentioning

confidence: 99%

Estimation of Mexico’s Informal Economy and Remittances Using Nighttime Imagery

et al. 2009

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Accurate estimates of the magnitude and spatial distribution of both formal and informal economic activity have many useful applications. Developing alternative methods for making estimates of these economic activities may prove to be useful when other measures are of suspect accuracy or unavailable. This research explores the potential for estimating the formal and informal economy for Mexico using known relationships between the spatial patterns of nighttime satellite imagery and economic activity in the United States (U.S.). Regression models have been developed between spatial patterns of nighttime imagery and Adjusted Official Gross State Product (AGSP) for the U.S. states. These regression parameters derived from the regression models of the U.S. were 'blindly' applied to Mexico to estimate the Estimated Gross State Income (EGSI) at the sub-national level and the Estimated Gross Domestic Income (EGDI) at the national level. Comparison of the EGDI estimate of Mexico against the official Gross National Income (GNI) estimate suggests that the magnitude of Mexico's informal economy and the inflow of remittances are 150 percent larger than their existing official estimates in the GNI.

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Section: Discussionmentioning

confidence: 99%

Estimation of Mexico’s Informal Economy and Remittances Using Nighttime Imagery

et al. 2009

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“…Loayza and Sugawara (2009) showed that the size of the informal Mexican economy is about 30% of gdp, while the International Labour Organization (ilo, 1999), Schneider (2002) and Vuletin (2008) estimated that the size of the Mexican informal economy during the 1990s ranged from 30% to 40% of gdp and employed more or less the same percentage of the labour force.…”

Section: An Assessment Of the Dynamics Between The Permanent And Tranmentioning

confidence: 99%

An assessment of the dynamics between the permanent and transitory components of Mexico’s output and unemployment

Islas¹,

Cortez²

2014

CEPAL Review

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Previous studies about the relationship between the cyclical components of Mexico's output and unemployment suggest that it closely resembles that found in the economy of the United States of America. This would indicate that the dynamics between output and labour markets in the two economies are rather similar. However, these estimates are puzzling for they do not correspond to a characterization made to Mexico's labour market. Using a methodology first proposed by Clark (1989), we find that the correlation between the transitory components of output and unemployment is much lower than previously thought.

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“…24 If the central government were to regain greater control by 24 A good analysis of the importance and size of the informal economy in Latin America and the Caribbean is offered by Vuletin (2008).…”

Section: Results Of the Empirical Estimationmentioning

confidence: 99%

The Impact of Fiscal Decentralization on Accountability, Economic Freedom, and Political and Civil Liberties in the Americas

Bojanic

2018

Economies

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This paper analyzes the impact of fiscal decentralization on accountability, economic freedom, and political and civil liberties in the Americas. The findings indicate that decentralization initially hampers but eventually enhances accountability and political and civil liberties, in line with the hypothesized positive correlation between greater fiscal autonomy and a more inclusive, participatory government. The impact of fiscal decentralization on economic freedom, however, runs counter to expectations. Decentralization seems to initially bolster freedom, but it eventually constrains it, proving that greater accountability and political and civil liberties do not necessarily lead to greater economic freedom. When Canada and the US are excluded and the analysis is done with developing American nations only, the behavioral pattern regarding how fiscal decentralization affects the principal variables intensifies, noting that in developing countries the impact of fiscal decentralization is likely to be more consequential.

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Measuring the Informal Economy in Latin America and the Caribbean

Cited by 94 publications

References 16 publications

Estimation of Mexico’s Informal Economy and Remittances Using Nighttime Imagery

Estimation of Mexico’s Informal Economy and Remittances Using Nighttime Imagery

An assessment of the dynamics between the permanent and transitory components of Mexico’s output and unemployment

The Impact of Fiscal Decentralization on Accountability, Economic Freedom, and Political and Civil Liberties in the Americas

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