|
|
|
|
Author/Editor:
|
Pedroni, Peter L. ; Verdugo Yepes, Concepción
|
|
|
|
|
|
Publication Date:
|
August 01, 2011
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 1,830KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
|
|
|
|
|
Summary:
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.
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Working Paper No. 11/182
|
|
|
|
|
|
Subject(s):
|
Agricultural commodities | Agricultural production | Economic growth | Peru | Regional shocks | Shadow economy
|
|
|
Author's Keyword(s):
|
Latin America | Peru | drugs | economic impact | regional economics. |
|
|
|
|
|
|
|
|
