Showing 1 - 10 of 17
distortion exists in form of bureaucratic corruption that arises because of trade protection at the border. In this kleptocratic … to prove that whether trade liberalization necessarily helps reducing corruption activities and to check what happens to …
Persistent link: https://www.econbiz.de/10008540994
In this paper my endeavor is to give you an idea about the upshot of a recessionary phase on the intermediation activity which is required for the survival of the informal fragment of the society. Informal part of the economy covers a large chunk of the total economic activities in any stylized...
Persistent link: https://www.econbiz.de/10008493595
the effects of corruption and tax cut. We assume only the non-traded sector to be corruption affected. We argue that a … fall in the degree of corruption surprisingly increases number of intermediators while tax change has no effect on it. But … the size of the intermediation activities expands in both the cases. Low corruption diminishes the exportable production …
Persistent link: https://www.econbiz.de/10011111111
In this paper we formulate a three-sector general equilibrium model where one sector produces a service or good used as an intermediate input in two other sectors. Intermediate input here resembles bureaucratic (in)efficiency/control, red-tapism etc. in light of these concerns we introduce...
Persistent link: https://www.econbiz.de/10009422004
In this paper we propose a theoretical model where formal and informal sectors co-exist in tandem. Trade union segregates some labor from being formal. Capital is not allowed to freely move between formal and informal sectors. Using this sort of framework it has been shown that immigration of...
Persistent link: https://www.econbiz.de/10008835349
Informal economy involving unrecorded, unregistered, extra legal activities employs majority of the workforce in the developing world. Such extra legal existence of informal production is facilitated through extortion by agents of political forces in power. Also extortion activities themselves...
Persistent link: https://www.econbiz.de/10011109996
Health standard of a region or economy significantly depends on environmental quality. And informal sector has a striking role for overall environmental quality as sometimes producers prefer not to produce in the formal sector as formal production calls for stringent environmental and other...
Persistent link: https://www.econbiz.de/10011114269
Informal economy involving unrecorded, unregistered, extra legal activities employs majority of the workforce in the developing world. Such extra legal existence of informal manufacturing and service sectors is facilitated through extortion by agents of political forces in power. Such extortion...
Persistent link: https://www.econbiz.de/10008642698
In the paper we test a homogenous agent version of the Montgomery's (1991) non-cooperative wage posting model. The inclusion of intrinsic costs, related to the uncertainty when changing the alternative agents are already using, alters the outcome of the model in two respects: firstly, it...
Persistent link: https://www.econbiz.de/10005040688
We simulate social network games of a portfolio selection to analyze how knowledge, preferences of agents and their level of omniscience affect their decision-making. The key feature of the paper is that preferences and the level of omniscience of agents very much determine the ways agents make...
Persistent link: https://www.econbiz.de/10005835799