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Measuring the Informal Economy in the Caucasus and Central Asia / Yasser Abdih, Leandro Medina.
- Format:
- Book
- Government document
- Author/Creator:
- Abdih, Y. (Yasser)
- Series:
- IMF Working Papers; Working Paper ; No. 2013/137
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Informal sector (Economics)--Asia, Central.
- Informal sector (Economics).
- Informal sector (Economics)--Caucasus.
- Physical Description:
- 1 online resource (19 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Language Note:
- English
- Summary:
- This study estimates the size of the informal economy, and the relative contribution of each underlying factor, for the Caucasus and Central Asia countries in 2008. Using a Multiple Indicator-Multiple Cause model, we find that a burdensome tax system, rigid labor market, low institutional quality, and excessive regulation in financial and products markets are determinant factors in explaining the size of the informal economy, which ranges from 26 percent of GDP in Kyrgyz Republic to around 35 percent of GDP in Armenia. Furthermore, the results show that higher levels of informality increase the levels of self employment and the percentage of currency held outside the banking system.
- Contents:
- Cover; Contents; I. Introduction; II. Empirical Methodology; III. Data; IV. Main Results and Discussion; A. MIMIC Model Estimation; B. The Size of the Informal Economy; C. Policy Implications; V. Conclusion; References; Figures; 1. MIMIC Estimation Results; 2. Estimated Size of the Informal Economy (in percent of GDP), 2008; 3. Contribution of Each Cause Variable to the Size of the Informal Economy (in percent), 2008; Tables; 1. Size of the Informal Economy, 2008; 2. Relative Contribution of Cause Variables to the Size of the Informal Economy, 2008
- Notes:
- Description based upon print version of record.
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9781484307816
- 148430781X
- 9781484334485
- 1484334485
- 9781484322635
- 1484322630
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