On the Retail Sector

Amelia Correa
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Amelia Correa: Department of Economics, St. Andrew’s College, University of Mumbai, India. amelia@vsnl.net

Journal of Interdisciplinary Economics, 2009, vol. 21, issue 1, 69-78

Abstract: We append a retail trade sector to the industrial sector of an economy. The macroeconomic model is a variant of the circuit approach to monetary macroeconomics. The conclusion is that an increase in the size of the ‘unproductive’ sector, employment in the ‘productive’ sector remaining constant, leads to a rise in the price level and interest rates.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:21:y:2009:i:1:p:69-78

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