Would Recession Induce More Intermediation in the Corrupt Informal Sector?

Biswajit Mandal

MPRA Paper from University Library of Munich, Germany

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.

Keywords: International Trade; Corruption; Informal sector; General Equilibrium. (search for similar items in EconPapers)
JEL-codes: D5 D73 F11 O17 (search for similar items in EconPapers)
Date: 2009-12-20, Revised 2010-01-10
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