Inequality is a multidimensional phenomenon. The studies of inequality tend to concentrate on the analysis of income inequality but inequalities arise due to other economic, social and political factors. The objective of this paper is to evaluate the role of social inequality in Latin American...

In this paper, we investigate on the determinants of the size of shadow economy (SE) in Latin America. While the analysis of economic causes of SE has been extensively studied in literature, here we offer a wider prospective. In addition to overall economic development, unemployment rate, and...

This paper analyzes the relationship between unofficial economy (UE) and official GDP. Through the study of the UE within an institutional comprehensive empirical framework, a positive correlation is found between unofficial and official GDP. Empirical evidence on the procyclicality of UE...