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Foreign Capital and the Informal Sector: Comments on Chandra and Khan
Author(s) -
Gupta Manash Ranjan
Publication year - 1997
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/1468-0335.00083
Subject(s) - proposition , economics , distortion (music) , capital (architecture) , foreign capital , macroeconomics , physics , geography , foreign direct investment , philosophy , amplifier , optoelectronics , archaeology , cmos , epistemology
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.