Current Search: Latin America -- Economic conditions -- 21st century (x)
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Title
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The impact of the informal economic GDP growth in Latin America and the Caribbean.
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Creator
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Wedderburn, Chantal., College of Business, Department of Economics
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Abstract/Description
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The informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax...
Show moreThe informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax evasion and avoidance of governmental regulations, therefore the implications of excessive tax burdens and onerous bureaucracy are studied, with a focus on their impact on GDP growth. Informal sector enterprises can greatly contribute to the official, recorded GDP measures if they have significant incentives to joining the formal sector. These incentives are presented and must be considered seriously by policymakers concerned with capturing additional tax revenues and improving economic growth in their nations.
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Date Issued
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2009
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PURL
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http://purl.flvc.org/FAU/186773
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Subject Headings
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Gross domestic product, Gross domestic product, International economic relations, Economic conditions, Economic conditions
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Format
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Document (PDF)
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Title
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Economic growth in Ecuador provided by dollarization.
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Creator
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Salcedo-Saltos, Rosanna L., Harriet L. Wilkes Honors College
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Abstract/Description
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In an attempt to reduce runaway inflation, the Ecuadorian government froze citizens' checking and savings accounts for a year in March 1999. Nevertheless, Ecuador still experienced hyperinflation later that year. On January 9, 2000, Ecuador established dollarization as a desperate attempt to restore confidence in the economy. In order to test for dollarization's impact on economic growth, I employ an econometrics model with total factor productivity as the dependent variable. I then use...
Show moreIn an attempt to reduce runaway inflation, the Ecuadorian government froze citizens' checking and savings accounts for a year in March 1999. Nevertheless, Ecuador still experienced hyperinflation later that year. On January 9, 2000, Ecuador established dollarization as a desperate attempt to restore confidence in the economy. In order to test for dollarization's impact on economic growth, I employ an econometrics model with total factor productivity as the dependent variable. I then use dollarization as the independent variable of interest, and other control variables such as oil, and trade. The results reported in this paper suggest that dollarization has a significant positive impact on Ecuador's economic growth.
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Date Issued
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2010
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PURL
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http://purl.flvc.org/FAU/3335454
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Subject Headings
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Monetary policy, Currency question, Dollar, American, Economic conditions, Economic conditions
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Format
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Document (PDF)
