Liberalisation and structural change with rural–urban dichotomies: a general equilibrium outlook
Liberalisation and structural change with rural–urban dichotomies: a general equilibrium outlook
This chapter deals with the structural change and employment outcomes of welcoming FDI and opening the import-competing sector of the economy to more foreign competition within the framework of a three-sector mobile capital version of Harris-Todaro (HT hereafter) type general equilibrium model, describing rural-urban migration, with the existence of a rural nonfarm sector producing non-traded intermediate input. Main findings support the fact that because of different trade reform policies, registered urban manufacturing sectors have experienced increased competition from foreign markets which has forced them to switch towards relatively capital-intensive techniques of production, resulting in the retrenchment of relatively less productive workers and ending up with jobless pattern of growth in these sectors during the liberalised regime. These results are predominantly fascinating for the counterintuitiveness of the predictions, as opposed to the standard HT model.
Rural-urban dualism;, Migration;, Rural nonfarm production;, Urban unemployment;, Welfare
Mukherjee, Soumyatanu
3eb37c57-3efd-4203-a81b-de3acad02811
Banerjee, Shreya
8cd98ef6-be8e-4f4d-a7d7-e403c1e71b92
2 July 2021
Mukherjee, Soumyatanu
3eb37c57-3efd-4203-a81b-de3acad02811
Banerjee, Shreya
8cd98ef6-be8e-4f4d-a7d7-e403c1e71b92
Mukherjee, Soumyatanu and Banerjee, Shreya
(2021)
Liberalisation and structural change with rural–urban dichotomies: a general equilibrium outlook.
In,
Batabyal, Amitrajeet A., Higano, Yoshiro and Nijkamp, Peter
(eds.)
Rural–Urban Dichotomies and Spatial Development in Asia.
(New Frontiers in Regional Science: Asian Perspectives, 1, 48)
Springer Singapore.
(doi:10.1007/978-981-16-1232-9).
Record type:
Book Section
Abstract
This chapter deals with the structural change and employment outcomes of welcoming FDI and opening the import-competing sector of the economy to more foreign competition within the framework of a three-sector mobile capital version of Harris-Todaro (HT hereafter) type general equilibrium model, describing rural-urban migration, with the existence of a rural nonfarm sector producing non-traded intermediate input. Main findings support the fact that because of different trade reform policies, registered urban manufacturing sectors have experienced increased competition from foreign markets which has forced them to switch towards relatively capital-intensive techniques of production, resulting in the retrenchment of relatively less productive workers and ending up with jobless pattern of growth in these sectors during the liberalised regime. These results are predominantly fascinating for the counterintuitiveness of the predictions, as opposed to the standard HT model.
Text
e-proofing_Chapter-9_Springer-Book_Batabyal-2021
- Proof
Restricted to Repository staff only
Request a copy
More information
Accepted/In Press date: 19 June 2021
Published date: 2 July 2021
Keywords:
Rural-urban dualism;, Migration;, Rural nonfarm production;, Urban unemployment;, Welfare
Identifiers
Local EPrints ID: 450059
URI: http://eprints.soton.ac.uk/id/eprint/450059
ISSN: 2199-5974
PURE UUID: e44af211-4a05-4c22-92fd-c495b52ff931
Catalogue record
Date deposited: 07 Jul 2021 16:31
Last modified: 16 Mar 2024 12:48
Export record
Altmetrics
Contributors
Author:
Soumyatanu Mukherjee
Author:
Shreya Banerjee
Editor:
Amitrajeet A. Batabyal
Editor:
Yoshiro Higano
Editor:
Peter Nijkamp
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics