UID:
edoccha_9958097478502883
Format:
1 online resource (53 p.)
ISBN:
1-4639-0193-3
,
1-4639-0051-1
,
1-283-55313-9
,
9786613865588
,
1-4639-0049-X
Series Statement:
IMF Working Papers
Content:
This paper investigates the relationship between unrecorded economic activity associated with the production of illicit coca and formally recorded economic activity in Peru. It does so by attempting to construct new regional level estimates for coca production and by implementing recently developed panel time series methods that are robust to regional heterogeneity and unobserved regional inter-dependencies. The paper finds that on balance illicit coca production crowds out formal sector production at the regional level, regardless of whether unanticipated changes occur nationally or regionally. However, total output nevertheless increases, since formal sector production is crowded out less than one for one.
Note:
Description based upon print version of record.
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Table of Content; I. INTRODUCTION; II. BACKGROUND AND RELATED LITERATURE; III. CHALLENGES AND METHODOLOGICAL SOLUTIONS; IV. RESULTS; A. Long run cointegration analysis; B. Dynamic panel VAR analysis for coca production; C. Dynamic panel VAR analysis of observable proxies for coca sector activities; V. CONCLUDING REMARKS; REFERENCES; Figures; 1a. Peru Impulse Responses: Illicit Coca GDP vs. Formal GDP (Specification1) .; 1b. Peru Impulse Responses: Illicit Coca GDP vs. Formal GDP (Specification 2); 1c. Peru Impulse Responses: Illicit Coca GDP vs. Formal GDP (Specification 3)
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1d. Peru Impulse Responses: Illicit Coca GDP vs. Formal GDP (Specification 4)2. Peru Impulse Responses: Legal Coca GDP vs. Formal GDP; 3. Peru Impulse Responses-Deposits in Domestic Currency vs. Deposits in Foreign Currency; 4. Peru Impulse Responses-Agriculture GDP vs. Electricity GDP; 5. Peru: Coca Leaf Cultivation in Hectares and Metric Tons; 6. Peru: Coca Leaf Cultivation in Hectares and Metric Tons; 7. Illicit Coca and Derivatives Ratio (As a percent of Non-Coca GDP); Table; 1a. Coca Leaf Cultivated Hectares According to CNC, UNODC, and CADA-CORAH (2001-2009)
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1b. Potential Cocaine Production According to CNC, UNODC, and CADA-CORAH (2007-2009)2. Data Construction; 3. Coca and Coca Derivatives Sector Gross Value Added Estimates (2001-2009) (Thousands of 1994 NS); 4. Estimated Coca Cultivation in Hectares by Coca Valleys (2001-2009); 5. Estimated Coca Cultivation in Hectares by Region (2001-2009); 6. Estimated Illicit Coca Cultivation in Hectares by Region (2001-2009); 7. Estimated Yield of Illicit Coca Cultivation by Region (2001-2009); 8. Estimated Tonnage of Illicit Coca Leaf by Region (2001-2009)
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9. Estimated Legal Coca Cultivation in Hectares by Region (2001-2009)10: Eradication by Region in Hectares (2001-2009); 11. Intermediate Consumption; 12. Summary of Prices; 13. Robustness Check of Coca and Coca Derivatives Sector Gross Value Added Estimates (2001-2009) (Thousands of 1994 NS)
,
English
Additional Edition:
ISBN 1-4623-1028-1
Language:
English
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