GTAP Resources: Resource Display
| GTAP Resource #1174 |
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"The informal sector: a source of growth" by Lejour, Arjan and Paul Tang Abstract In developing countries labour reallocation from traditional, low-productivity sectors towards modern, high-productivity sectors is an important source of economic growth, and a driving force behind specialization. Simulations with the applied general-equilibrium model WorldScan show that Asian countries can expect up to a 30 percent increase in income per capita or, equivalently, slightly more than one percentage point extra annual growth during a period of 25 years. Moreover, our results suggest that labour reallocation is mainly induced by productivity increases in agriculture that push redundant labour towards modern industrial sectors. |
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- Economic growth - Labor market issues |
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Public Access  GTAP Resource 1174 (187.3 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
