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greater is the inequality, the more would be demand for labor for such work resulting in greater volume of such trade between … low income and high-income workers. Thus, spread of the disease will be lower for countries where inequality is high … and fatality would mean greater demand for poor workers; their income would rise and inequality would decline. If the …
Persistent link: https://www.econbiz.de/10014232470
This paper explores the short run, medium run and long run impact of pandemic on the contact intensive entertainment industry in terms of a simple general equilibrium model that can accommodate for unemployment and underemployment. Finite change as a response to large shocks may lead to...
Persistent link: https://www.econbiz.de/10013455828
Empirical literature on the effect of Contract Farming (CF) on economic development of a Less Developed Economy (LDC) is divided on the basic issue of concern for the policy makers in LDCs: should CF be encouraged, and if so, under what circumstances? Broadly, there are both intermediate (yield,...
Persistent link: https://www.econbiz.de/10014555835
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of credit or financial capital as past savings, finances...
Persistent link: https://www.econbiz.de/10013479581
The flourishing of IT-sector and IT-enabled services has led to emergence of different activities by leaps and bounds thanks to proliferation of Virtual plattorm-based transactions, and E-commerce. However, massive layoffs started in 2022, as all tech giants encountered revenue declines amidst...
Persistent link: https://www.econbiz.de/10014430302