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This paper presents the technical assistance report on remote national accounts mission in St. Lucia. The improved estimates will improve the understanding of the Saint Lucia economy, notably the needs of the Ministry of Finance for more robust and timely national accounts statistics. This development will also help Saint Lucia meet the IMF Special Data Dissemination Standards requirements. Training has been provided on the different components of Gross Domestic Product by expenditure (GDP-E) for current price methods and price and volume measurement. The mission identified some research topics for the national accounts department as part of its development of GDP-E. This includes checking the quality of some indicators and identifying whether some sources are available at a lower level of detail. The mission also quality assured the current methods used for compiling accommodation in the production measure of GDP. In order to support progress toward the objectives, the mission recommended priority recommendations to make headway in improving Saint Lucia’s national accounts.

Money and Monetary Policy --- International Economics --- Macroeconomics --- Civics and Citizenship --- Exports and Imports --- Monetary Policy --- International Agreements and Observance --- International Organizations --- General Aggregative Models: General --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- Price Level --- Inflation --- Deflation --- Trade: General --- Monetary economics --- International institutions --- Civil service & public sector --- International economics --- Monetary policy --- International organization --- National accounts --- Civil society organizations --- Economic sectors --- Consumer price indexes --- Prices --- Imports --- International trade --- Producer price indexes --- International agencies --- National income --- Civil society --- Price indexes --- St. Lucia

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This chapter investigates the link between informality and growth in Madagascar and aims for a better understanding of the informal sector. It provides an analysis of the characteristics of informal production units and informal employment. Findings suggest that informality is a key feature of economic activity in Madagascar, and that informal production units are the main driver of employment with a deep concentration around self-employment. Overall, informality is associated with a lack of awareness of administrative procedures and the complexity and cost of tax and regulatory measures. The informal sector’s Total Factor Productivity (TFP) growth is more stable and higher on average than the formal sector TFP.

Money and Monetary Policy --- International Economics --- Labor --- Production and Operations Management --- Macroeconomics --- Monetary Policy --- International Agreements and Observance --- International Organizations --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Informal Economy --- Underground Econom --- Formal and Informal Sectors --- Shadow Economy --- Institutional Arrangements --- Informal Labor Markets --- Labor Economics: General --- Monetary economics --- International institutions --- Labour --- income economics --- Economics of specific sectors --- Monetary policy --- International organization --- Total factor productivity --- Informal employment --- Informal economy --- Economic sectors --- International agencies --- Economic theory --- Industrial productivity --- Labor economics --- Informal sector --- Economics --- Madagascar, Republic of