Format:
Online-Ressource (51 p)
Edition:
Online-Ausg.
ISBN:
1462310281
,
9781462310289
Series Statement:
IMF Working Papers Working Paper No. 11/182
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Pedroni, Peter The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru Washington, D.C. : International Monetary Fund, 2011 ISBN 9781462310289
Language:
English
DOI:
10.5089/9781462310289.001
