Theoretical Foundations: A General Equilibrium Approach -- The Harris-Todaro Migration Model and Introduction of the Informal Sector -- Informal Sector and Open Unemployment -- Foreign Capital Inflow, Informal Sector and Welfare -- How and How Far to Liberalise a Developing Economy -- Economic...

The paper has made an attempt to analyze the effects of liberalized trade and investment policies on welfare and open unemployment in a developing economy in terms of a three sector Harris-Todaro type general equilibrium model. Following empirical evidence it is assumed that there is wage...

The paper has made a modest attempt to analyze the effects of liberalized trade and investment policies on welfare and open unemployment in a developing economy in terms of a three sector Harris-Todaro (1970) type general equilibrium model. Following empirical evidence it is assumed that there...

We present a three-sector general equilibrium model with an informal sector, which produces an intermediary for the formal sector, to analyze the effects of different policies on the pollution level and welfare of the economy. The informal manufacturing sector creates pollution and higher the...

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...