Informality in Paraguay : macro-micro evidence and policy implications /

Informality in Paraguay : macro-micro evidence and policy implications /

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Bibliographic Details
Author / Creator:	Vargas, Mauricio, 1977- (IMF staff), author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2015.
Description:	1 online resource (33 pages) : color illustrations.
Language:	English
Series:	IMF working paper ; WP/15/245 IMF working paper ; WP/15/245.
Subject:	Informal sector (Economics) -- Paraguay -- Econometric models. Labor market -- Paraguay -- Econometric models. Income distribution -- Paraguay -- Econometric models. Manpower policy -- Paraguay -- Econometric models. Income distribution -- Econometric models. Informal sector (Economics) -- Econometric models. Labor market -- Econometric models. Manpower policy -- Econometric models. Paraguay.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12505604

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Western Hemisphere Department.
ISBN:	1513529277 9781513529271
ISSN:	1018-5941
Notes:	"November 2015." "Western Hemisphere Department." Includes bibliographical references (pages 20-22). Online resource; title from pdf title page (IMF.org Web site, viewed November 30, 2015).
Summary:	Paraguay's economy features a high degree of informality. Based on different estimation approaches, informal activity represents more than half of total employment in Paraguay, a higher rate than those observed in its Latin American and the Caribbean peers. Theoretical and empirical considerations support the notion that regulations, enforcement policies, and government effectiveness are the ultimate determinants of informality. In all of these areas Paraguay performs weakly compared to regional peers. Using household and enterprise surveys, we find that Paraguay's informal sector absorbs the most vulnerable workers but affects negatively medium and large firms in the formal sector. DSGE model simulations suggest that the optimal combination of policies to reduce informality is not straightforward, and needs to reflect the specific circumstances and objectives of the country. --Abstract.
Standard no.:	10.5089/9781513529271.001

Description
Summary:	Paraguay's economy features a high degree of informality. Based on different estimation approaches, informal activity represents more than half of total employment in Paraguay, a higher rate than those observed in its Latin American and the Caribbean peers. Theoretical and empirical considerations support the notion that regulations, enforcement policies, and government effectiveness are the ultimate determinants of informality. In all of these areas Paraguay performs weakly compared to regional peers. Using household and enterprise surveys, we find that Paraguay's informal sector absorbs the most vulnerable workers but affects negatively medium and large firms in the formal sector. DSGE model simulations suggest that the optimal combination of policies to reduce informality is not straightforward, and needs to reflect the specific circumstances and objectives of the country.
Item Description:	"November 2015." "Western Hemisphere Department."
Physical Description:	1 online resource (33 pages) : color illustrations.
Bibliography:	Includes bibliographical references (pages 20-22).
ISBN:	1513529277 9781513529271
ISSN:	1018-5941