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perfect and imperfect capital mobility2. The effects of different fiscal policies on the equilibrium rate of urban … wage rate is constant. All the results are obtained both in the case of perfect and imperfect capital mobility. …
Persistent link: https://www.econbiz.de/10005556734
We consider a three sector model of informal sector which assumes efficiency wage hypothesis and explains the simultaneous existence of informal sector and urban unemployment. We also study the effects of subsidy policies given to different sectors and the effects of change in capital stock on...
Persistent link: https://www.econbiz.de/10005556735
of immobility and mobility of capital are assumed in different sections of this paper. We also analyse the effects of …
Persistent link: https://www.econbiz.de/10005556743