Arbeitspapier
Reformatory Policies and Factor Prices in a Developing Economy with Informal Sector
Effects of different reformatory policies have always been a pulsating concern for the researchers and policy makers. Considering this concern, this paper attempts to check various effects of reformatory policies such as labor market reform, tariff cut, change in subsidy, bureaucratic reform in a typical small open economy comprising of both formal and informal sectors. It has been found that the implications of labor market reform and tariff liberalization for factor prices and wage disparity are distinctly opposite. However, skilled labor of the economy benefits from both labor market reform and export subsidy. Next we extend the basic model to bring in related corruption in the informal sector for its illegal nature. This calls for the existence of a sector which helps hassle free informal production. There we find that unskilled workers lose owing to both bureaucratic reform and labor market reform. Nevertheless, though traditionally labor market reform is supposed to harm workers, wage disparity gets ameliorated whereas tariff reform leads to worsening of it.
- Sprache
-
Englisch
- Erschienen in
-
Series: GLO Discussion Paper ; No. 367
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Neoclassical Models of Trade
Economic Impacts of Globalization: Policy
Bureaucracy; Administrative Processes in Public Organizations; Corruption
- Thema
-
International Trade
Wages
General Equilibrium
Economic Policy
Informal Sector
Extortion
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mandal, Biswajit
Ghosh, Sujata
- Ereignis
-
Veröffentlichung
- (wer)
-
Global Labor Organization (GLO)
- (wo)
-
Essen
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mandal, Biswajit
- Ghosh, Sujata
- Global Labor Organization (GLO)
Entstanden
- 2019
Ähnliche Objekte (12)
Risk attitudes and informal employment in a developing economy
III. Informal Economy
Informal and underground economy
The effects of labor market policies in an economy with an informal sector
In the shadow of the state: The informal economy and informal economy labor force
Decent work and the informal economy
The informal economy in Chinese cities
Food Price Volatility in Developing Countries - the Role of Trade Policies and Storage
Informal economy in Russia: A brief overview
Negotiations by workers in the informal economy
Rural Informal Economy in Post-Soviet Russia
Taxation, credit constraints and the informal economy
Risk attitudes and informal employment in a developing economy
III. Informal Economy
Informal and underground economy
The effects of labor market policies in an economy with an informal sector
In the shadow of the state: The informal economy and informal economy labor force
Decent work and the informal economy
The informal economy in Chinese cities
Food Price Volatility in Developing Countries - the Role of Trade Policies and Storage
Informal economy in Russia: A brief overview
Negotiations by workers in the informal economy
Rural Informal Economy in Post-Soviet Russia
Taxation, credit constraints and the informal economy
Risk attitudes and informal employment in a developing economy
III. Informal Economy
Informal and underground economy
The effects of labor market policies in an economy with an informal sector
In the shadow of the state: The informal economy and informal economy labor force
Decent work and the informal economy
The informal economy in Chinese cities
Food Price Volatility in Developing Countries - the Role of Trade Policies and Storage
Informal economy in Russia: A brief overview
Negotiations by workers in the informal economy
Rural Informal Economy in Post-Soviet Russia