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This study attempts to understand the growth of services & informal sector’s capital formation, by modelling the formal-informal sector value chain in an economy with goods, asset and labour market segmentation. It considers a developing economy with a large informal sector and splits the...
Persistent link: https://www.econbiz.de/10013218575
This study attempts to understand the growth of services & informal sector’s capital formation, by modelling the formal-informal sector value chain in an economy with goods, asset and labour market segmentation. It considers a developing economy with a large informal sector and splits the...
Persistent link: https://www.econbiz.de/10013312961
Persistent link: https://www.econbiz.de/10012286442
Persistent link: https://www.econbiz.de/10003850555
This paper studies the steady-state costs of inflation in a general-equilibrium model with real per capita output growth and staggered nominal price and wage contracts. Our analysis shows that trend inflation has important effects on the economy when combined with nominal contracts and real...
Persistent link: https://www.econbiz.de/10003560536
Persistent link: https://www.econbiz.de/10002061039
Persistent link: https://www.econbiz.de/10012240989
moral codes, this article explores a theory of ethics, known as the “Hunt-Vitell” theory of ethics, that illuminates the … concept of personal moral codes and uses the theory to discuss which types of personal moral codes foster trust and distrust … in society. This article then uses resource-advantage (R-A) theory, one of the most completely articulated dynamic …
Persistent link: https://www.econbiz.de/10009767626
a high level of competition. What a country produces and how much it competes domestically and internationally are …
Persistent link: https://www.econbiz.de/10012517949
Persistent link: https://www.econbiz.de/10012266574