Asset Details
Do you wish to reserve the book?
The impact of inequality on the informal economy in Latin America and Caribbean with a MIMIC model
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
The impact of inequality on the informal economy in Latin America and Caribbean with a MIMIC model
Do you wish to request the book?
The impact of inequality on the informal economy in Latin America and Caribbean with a MIMIC model
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
The impact of inequality on the informal economy in Latin America and Caribbean with a MIMIC model
2025
Overview
Informality is a major issue in Latin America and the Caribbean (LAC). The literature estimating its size has been primarily limited to worldwide models applied to the region. This paper proposes a Multiple Indicators Multiple Causes (MIMIC) model using a data set composed of 41 countries in LAC. The model introduces income inequality and total factor productivity in addition to traditional variables. The results indicate that income inequality is a key determinant of IE, both in terms of statistical significance and measurement. Compared to a model using data from 188 countries, some causal variables have an impact ten times greater on the level of informality, highlighting the importance of tailor-made data set selection when modeling IE with MIMIC.
Publisher
Springer Nature B.V
Subject
