In a globalised world, recessions strike formal sectors more swiftly, which when adopting cost-cutting measures retrench regular workers with higher non-negotiable wages. An economywide computable general equilibrium (CGE) model with different labour market closures has been used to study the...

People's quality of life depends on the social relationships of their everyday lives and the technological choices that affect them. These features are readily described within the framework of social accounting, provided that relevant categories of households, workers, and economic activities...