Economics, Econometrics and Finance
8 years ago

Investing in formal sector boosts economy, shrinking informal sector in India.

˜The œJournal of developing areas
Investment and growth in a developing economy with vast informal sector
Subhasankar Chattopadhyay, Rima Mondal

Paper Summary

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Investments in the formal sector in developing economies like India can lead to growth and equal wages across sectors, while investments in the informal sector may not have the same positive effects. The study shows that subsidizing capital returns in the formal sector can help prevent the informal sector from growing too large.