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Would Recession Induce More Intermediation in the Corrupt Informal Sector?

Mandal, Biswajit (2009): Would Recession Induce More Intermediation in the Corrupt Informal Sector?

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Abstract

In this paper my endeavor is to give you an idea about the upshot of a recessionary phase on the intermediation activity which is required for the survival of the informal fragment of the society. Informal part of the economy covers a large chunk of the total economic activities in any stylized developing economy. Therefore it is imperative to check possible consequences of recession on this subdivision because intermediation also requires unskilled work force which need to be pulled out from the productive spectrum. In doing so I would be using the hybrid of standard Heckscher - Ohlin and Specific Factor general equilibrium models of trade. I would also strive to focus on the wage-inequality paradigm.

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