Foreign Capital and the Informal Sector: Comments on Chandra and Khan

Manash Ranjan Gupta

Economica, 1997, vol. 64, issue 254, 353-363

Abstract: 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.

Date: 1997
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