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A time-minimization problem of attaining a full-employment state is solved in a dual economy model where the rural-urban migration mechanism is of Harris-Todaro type. The optimum solution may appear as a policy of urban development at the most rapid rate.
Persistent link: https://www.econbiz.de/10005824058
A Two sector fair wage model has been considered. It is shown that an exogenous inflow of foreign capital has no effect on unemployment; and the Brecher-Alejandro(1977) proposition remains valid in its original form when the efficiency function is similar to that of Aell and Lundbrg (1992,...
Persistent link: https://www.econbiz.de/10005252175
We consider a three-sector Generalized Harris-Todaro model where the third sector is the foreign enclave. It is assumed to be located in the urban area and uses sector-specific foreign capital. In this model technology transfer takes place from the foreign enclave to the domestic enclave. A...
Persistent link: https://www.econbiz.de/10005587949
This paper analyses a North-South model in which the Southern labour market is decomposed into skilled labour and unskilled labour. The skilled labour is an intermediate input produced with capital and unskilled labour. The South is a net receiver of foreign capital from the North. The terms of...
Persistent link: https://www.econbiz.de/10005168538