IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-60243-6_2.html
   My bibliography  Save this book chapter

A Model of Development: The Static Analysis

In: Informal Sector in Economic Development

Author

Listed:
  • Prabir Bhattacharya

    (Heriot-Watt University
    University of Glasgow)

Abstract

The chapter presents the static version of a model of development that systematically incorporates an informal sector into the analysis. Some of the implications of the model are seen to be in direct contrast to some of the major implications of the Lewis-type models. These implications of the model can be interpreted as giving theoretical support to some of the revised ideas about the history of both the English and Japanese industrialisation. The model also enables one to derive a number of policy relevant comparative static results. In particular, we have questioned the conventional wisdom that decreases in the formal sector ‘minimum’ wage and increases in the maximum size of firm above which this minimum is enforced will help workers in the informal sector, the essential argument being that these policies may have adverse terms of trade effects on the informal sector that offset their favourable labour market effects.

Suggested Citation

  • Prabir Bhattacharya, 2024. "A Model of Development: The Static Analysis," Springer Books, in: Informal Sector in Economic Development, chapter 0, pages 7-41, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-60243-6_2
    DOI: 10.1007/978-3-031-60243-6_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-60243-6_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.