Foreign Capital and the Informal Sector: Comments on Chandra and Khan
In: Economica, Band 64, Heft 254, S. 353-363
ISSN: 1468-0335
The first model of Chandra and Khan (1993) has been extended in the following directions: (1) migration equilibrium condition has been generalized; (2) capital market distortion has been introduced; (3) land as an agricultural input has been considered. It appears that the Brecher–Alejandro (1977) proposition may lose its validity in some special cases.