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Whether a liberalizing developing economy should implement the entire WTO-prescribed package and to what extent this is expedient, are the two burning questions, especially because available empirical evidence suggests that the developing countries have been facing substantial adjustment costs...
Persistent link: https://www.econbiz.de/10014112850
Removal of tariff restrictions from the relatively unskilled labour intensive sectors; growth in foreign direct investment and the consequent increase in the relative demand for skilled labour; and, fall in real minimum wages and decline of trade union strength of the unskilled workers are cited...
Persistent link: https://www.econbiz.de/10014116423
In a production structure reasonable for a developing economy this note shows that there may arise a conflict between the worldwide liberalized trade policies in agriculture, which raise the price of the economy’s primary exportable commodity, and the inflow of foreign capital into the...
Persistent link: https://www.econbiz.de/10014118277
The paper reexamines the conventional results relating to inflow of foreign capital, removal of protectionism and structural reform programmes, in a small open economy in terms of a two-sector general equilibrium model with an informal sector. The paper shows that in the presence of labor market...
Persistent link: https://www.econbiz.de/10014122457
The paper reexamines the conventional results relating to inflow of foreign capital, removal of protectionism and structural reform programmes, in a small open economy in terms of a two-sector general equilibrium model with an informal sector. The paper shows that in the presence of labour...
Persistent link: https://www.econbiz.de/10014117681
Whether a liberalizing developing economy should implement the entire WTO-prescribed package and to what extent this is expedient, are the two burning questions, especially because available empirical evidence suggests that the developing countries have been facing substantial adjustment costs...
Persistent link: https://www.econbiz.de/10014075759
Removal of tariff restrictions from the relatively low-skill sectors; growth in foreign direct investment; and, decline of trade union strength of the unskilled workers are cited in the empirical literature as the prime factors responsible for the growing incidence of wage inequality in many of...
Persistent link: https://www.econbiz.de/10005408056
This paper explains the existence of intersectoral wage differential in a developing economy in terms of trade union behavior in the formal sector industry and analyzes its role in predicting the outcomes of trade and investment reforms on welfare. It provides theoretical explanations of certain...
Persistent link: https://www.econbiz.de/10011111406
This paper has developed a three-sector general equilibrium framework that explains unemployment of both skilled and unskilled labour. Unemployment of unskilled labour is of the Harris-Todaro (1970) type while unemployment of skilled labour is caused due to the validity of the FWH in the...
Persistent link: https://www.econbiz.de/10015218699
The paper develops a three-sector general equilibrium model that can explain simultaneous existence of unemployment of both skilled and unskilled labour. The unemployment of unskilled labour is explicated in terms of rural-urban migration mechanism while that of skilled labour is shown using the...
Persistent link: https://www.econbiz.de/10015218700