Formality and informality in an emerging economy: the case of Colombia
In: Cuadernos de Economía, Jg. 43 (2024-04-01), Heft 91
Online
academicJournal
Zugriff:
The objective of this paper is to evaluate the impact of fiscal instruments for Colombia on two of the country’s main issues: income inequality and informality, phenomena that have been exacerbated by the pandemic. For this purpose, we built a DSGE model whose main differentiating element is the level of liquidity of households. The model carried out various simulations of transfers to households, and we examined the effects of these on different macroeconomic variables. We conclude that for the economy to return to the same fiscal adjustment it had before a transfer, the government will somehow have to increase the productivity of the formal sector, as this increase will have a positive effect on growth, increase income taxes and employment, and decrease informality.
Titel: |
Formality and informality in an emerging economy: the case of Colombia
|
---|---|
Autor/in / Beteiligte Person: | Jesús Alonso Botero García ; Castrillón, Cristian ; Álvaro Arturo Hurtado Rendón ; Franco, Humberto ; Vargas, Christian |
Link: | |
Zeitschrift: | Cuadernos de Economía, Jg. 43 (2024-04-01), Heft 91 |
Veröffentlichung: | Universidad Nacional de Colombia, 2024 |
Medientyp: | academicJournal |
ISSN: | 0121-4772 (print) ; 2248-4337 (print) |
DOI: | 10.15446/cuad.econ.v43n91.94197 |
Schlagwort: |
|
Sonstiges: |
|