Agricultural prospects and informal wage in general equilibrium

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review

10 Scopus Citations
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Author(s)

  • Sugata Marjit
  • Saibal Kar
  • Rajat Acharyya

Detail(s)

Original languageEnglish
Pages (from-to)380-385
Number of pages6
Journal / PublicationEconomic Modelling
Volume24
Issue number3
Online published20 Oct 2006
Publication statusPublished - May 2007
Externally publishedYes

Abstract

Better prospect for agricultural exports and productivity should increase agricultural wage. However, we argue that such an outcome depends on the capital movement between the formal and informal manufacturing sectors. This is shown in a model that demonstrates a close link between agricultural and informal wage. Presence of an informal sector may lead to reverse migration from the urban to the rural sector without any pressure on rural wage. We argue that the policy outcome in the rural sector is likely to depend on the intersectoral mobility of capital in the urban sector. Our result is robust with respect to reasonable alterations of the basic structure.

Research Area(s)

  • agricultural productivity, agricultural wage, informal wage, capital mobility, rural-urban migration, MARKET, SECTOR, REFORM

Citation Format(s)

Agricultural prospects and informal wage in general equilibrium. / Marjit, Sugata; Kar, Saibal; Acharyya, Rajat.
In: Economic Modelling, Vol. 24, No. 3, 05.2007, p. 380-385.

Research output: Journal Publications and ReviewsRGC 21 - Publication in refereed journalpeer-review