The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru PDF Free

The Relationship Between Illicit Coca Production and Formal Economic Activity in Peru PDF
By:International Monetary Fund
Published on 2011-08-01 by International Monetary Fund

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.

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Book which was published by International Monetary Fund since 2011-08-01 have ISBNs, ISBN 13 Code is 9781463900496 and ISBN 10 Code is 146390049X

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