The informal economy and its impact on tax revenues and economic growth. The case of Peru, Latin America and OECD countries (1995 – 2016)

Abstract

espanolEl objetivo principal de la investigacion es determinar el tamano de la economia informal en Peru, America Latina y los paises de la OECD, asi como estimar el impacto de la economia informal en la recaudacion tributaria y el crecimiento economico. Para alcanzar el objetivo, la aproximacion se realiza a traves de modelos MIMIC. Los resultados principales muestran que el tamano promedio de la economia informal como porcentaje del PBI en el Peru es 37.4%, en los paises de America Latina es de 34%, y de 19.83% para los paises de la OECD; es decir, un poco menos de la mitad del promedio de America Latina. EnglishThe main goal of the research will be to determine the size of the informal economy in Peru, Latin America and OCDE countries as well as to estimate the impact of the informal economy on tax revenues and the economic growth. To achieve the goal, the approach is made through MIMIC (multiple-indicator and multiple-cause) model. The main results show that the estimated average size of the informal economy as a percentage of the GDP in Peru is 37.4%, in Latin America is 34%, and in OCDE countries is 19.83%, which represents less than half of the Latin America average.