An estimation of the size of the hidden labour force in construction in Trinidad and Tobago
In every country there is a hidden economy operating alongside the formal economy. The published national statistics record only the formal economy. These statistics indicate that the construction industry is an important source of both wealth creation and employment despite the fact that they fail to take account of three important aspects of the sector. These are that the broadly defined construction sector is much larger than the construction industry, what is known as the 'informal' sector, and the work done by direct labour organisations. In the absence of actual measures of the size of these aspects, an indirect technique has been used to provide an estimate of their scale. These estimates are used to obtain an overview of their possible impact on the actual role of the sector in terms of output and employment in the economy. The preliminary estimates suggest the overall contribution of construction to the economy of Trinidad and Tobago represents some three times the official Figure.
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Volume (Year): 24 (2006)
Issue (Month): 8 ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Development and Comp Systems
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Policy Research Working Paper Series
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- Loayza, Norman V., 1996. "The economics of the informal sector: a simple model and some empirical evidence from Latin America," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 45(1), pages 129-162, December.
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