Institutions and human development in the Latin American informal economy

Dell’Anno, Roberto

doi:10.1007/s10602-009-9079-3

Cited by 24 publications

(9 citation statements)

References 49 publications

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“…Somewhat more closely related to our paper, Dell'Anno (2010) shows that institutional quality is one of the key indicators of informality in Latin American economies. Moreover, he also finds evidence towards the existence of an inverted-U relationship between human development and informal economy size.…”

Section: Related Literaturesupporting

confidence: 71%

Institutions, Informal Economy, and Economic Development

Elgin

Oztunali

2014

Emerging Markets Finance and Trade

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Using crosscountry panel data we examine the evolution of the informal economy through the course of economic development by particularly taking its relationship with institutions into account. We borrow from the informal economy estimates constructed by Elgin and Oztunali (2012) for 141 countries over the period from 1984 to 2009 and using panel data estimation techniques we investigate the relationship between informal economy and the level of economic development, proxied by GDP per-capita. Our findings suggest that institutional quality strongly interacts with the relationship between economic development and size of the informal economy. Specifically, we find that a higher GDP percapita is associated with a larger informal sector size in countries where the institutional quality is low. The opposite is true in countries with good institutions. These results are also in line with a two-sector dynamic general equilibrium model of the informal economy.

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Section: Related Literaturesupporting

confidence: 71%

Institutions, Informal Economy, and Economic Development

Elgin

Oztunali

2014

Emerging Markets Finance and Trade

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“…The OECD (, p. 22) reports that only a third of Latin Americans over the age of 65 were entitled to a pension. The informal economy is where businesses are neither taxed nor monitored by governments (Dastidar, , p. 16; Dell’Anno, , p. 221; Foxley, , pp. 47, 48; Fukuyama, , p. 73; Helwege, , pp.…”

Section: How Would a Participatory Budgeting Scheme For Science Affecmentioning

confidence: 99%

“…Overall, the informal economy has meant that social‐welfare payments, especially pensions, have been received by relatively well‐off Latin Americans in the formal economy (Da Costa et al, , pp. 7–21; Dell’Anno, , p. 221; Edwards, , pp. 579, 580; , p. 57; Fields, ; Helwege, , p. 197; Levy, ; Maloney, ; OECD, , p. 15; Perry et al, ; Spronk & Webber, , pp.…”

Section: How Would a Participatory Budgeting Scheme For Science Affecmentioning

confidence: 99%

Having It Both Ways: Can Latin American Spend More Money on Innovation and Reduce Income Inequality?

Soh¹

2019

Latin American Policy

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This article examines if Latin American nations would be helped by a participatory budgeting scheme for science at a time when their traditional exports of commodities are facing low prices; there is a need for industrial diversification; and there are high private‐debt levels, persistent poverty and inequality, and fiscal problems. Attempting to solve these issues has threatened the progress of science and technology policies over the last decade in Latin America at a time when countries such as China, Korea, Israel, and Finland were becoming increasingly competitive in science and technology. The article further examines the political pressures and resource competition that science and technology funding faces in Latin America, showing how a participatory budgeting scheme for science would invest in technology startups, remove reliance on taxation for science and technology funding, manage risk, supplement the incomes of citizens, and grant funds for basic research in Latin America. Finally, the article shows how the scheme would facilitate cooperation between Latin American business, the international science community, the general public, and government through investing in rather than taxing technology startups, while making sure that the general public receives more of a share of the economic gains from scientific discoveries in Latin America.

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“…In a similar vein, Schneider (2005) held that the shadow economy reduced corruption in high income countries, but the opposite was true for low income countries. Generally, there is wide range of theoretical and practical literature tackling the relationship between economic variables and smuggling using the MIMIC method (Albu, Iorgulescu, & Stanica, 2010;Bajada & Schneider, 2009;Dell'Anno, 2010;Dell'Anno & Schneider, 2009;Dobre & Alexandru, 2009;Schneider, 2015;Schneider & Enste, 2000;Wang et al, 2006). In the meantime, it was believed that those who were involved in smuggling-related activities preferred to conduct their transactions in cash.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Corruption and Crime on Smuggling: Evidence from Iran

Mansouri

Afghah

2019

JIS

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The main purpose of this research is to investigate the size and the relationship between smuggling and crime indexes such as returned checks, corruption and drinking alcohol in Iran during the period 1984-2015 by using Multiple Indicators Multiple Causes (MIMIC) model and Maximum Likelihood Estimation (MLE) method. The results showed that among the crime indexes, divorce, drinking alcohol and corruption were positively correlated with smuggling, while another crime index, returned checks had a negative relationship with smuggling. Besides, all socioeconomic cause variables on smuggling, including tariffs, misery index, illiteracy, gap of exchange rate, economic openness index and the size of government were found to increase smuggling. Furthermore, the findings showed that the cause variables on smuggling, including liquidity and energy consumption were positively correlated with smuggling.

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Institutions and human development in the Latin American informal economy

Abstract: Informal economy, Institutions, Human development, Latin America, O17, K42, O54, N16,

Cited by 24 publications

References 49 publications

Institutions, Informal Economy, and Economic Development

Institutions, Informal Economy, and Economic Development

Having It Both Ways: Can Latin American Spend More Money on Innovation and Reduce Income Inequality?

Impact of Corruption and Crime on Smuggling: Evidence from Iran

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