Development economics 14 min read
INFORMAL CREDIT MARKETS
In this chapter we review the different ways in which the literature has dealt with modeling informality in credit markets…
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Development economics 9 min read
INFORMALITY IN THE LABOUR MARKET EARLY CONTRIBUTIONS
There are different ways of modeling the informal sector adopting a non-Marshallian view of labour markets.19 Starting from the classical Harris-Todaro…
Development economics 3 min read
Informal credit markets
Informality in credit markets is strong in many developing countries like India, Pakistan, Indonesia, Brazil and many African countries, but…
Development economics 9 min read
Causes and Impact of Informality
What is the impact of informality on the formal economy? Loayza (1996) tests for Latin American countries in the 1990s predictions from…
Development economics 2 min read
The Size of the Informal Economy
What is the size of the informal economy in the world? In general, data on the size, composition and contribution…
Development economics 4 min read
How Do We Measure the Informal Economy?
How do we measure the informal economy? There are two approaches in the literature in attempting to respond this question.…
Development economics 3 min read
Productivity of Land
Productivity of land refers to extent of efficiency. The productivity of land can be expressed by following measures: 1. Average…
Development economics 2 min read
Importance of Land
Land is considered the primary factor of production. Land is rich in coal, water and petroleum, which are used for…
Development economics 2 min read
Functions of Land
The primary occupations are agriculture, dairying, animal husbandry and poultry farming. These essential activities are not possible without land. Manufacturing…
Development economics 4 min read
rongLand in Economics
The term ‘land’ generally refers to the surface of the earth. But in economics, it includes all that, which is…
