search query: @author Chandra, V. / total: 3
reference: 2 / 3
| Author: | Chandra, V. Khan, M. A. |
| Title: | Foreign investment in the presence of an informal sector |
| Journal: | Economica
1993 : FEB, VOL. 60:237, p.79-103 |
| Index terms: | FOREIGN INVESTMENT INFORMAL ECONOMY WELFARE LOSS |
| Language: | eng |
| Abstract: | In the context of a segmented economy in which the urban unemployed subsist in informal-sector activities, Earl Grinols has recently questioned conventional wisdom whereby foreign investment with repatriated earnings is necessarily immiserizing for the country. In this paper, Grinols's analysis is extended and placed in a broader context, permitting richer conceptions of informal-sector activities. The principal finding is that the original insight is surprisingly robust once Heckscher-Ohlin-Samuelson factor intensities are suitably modified and interpreted. The proposed models may also have independent interest for other work on the informal sector. |
SCIMA