Content protection, resource allocation, and variable labour supply.

A three-sector general equilibrium model is used to study the implications of an increase in content protection under the assumption of variable labour supply (VLS). The role of VLS is highlighted in the paper. An increase in domestic content requirements increases the equilibrium labour supply, w...

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Detalles Bibliográficos
Publicado en:Canadian Journal of Economics Vol. 27; pp. 175 - 183
Autor principal: Fung, Michael Ka-Yiu
Formato: Artículo
Publicado: Wiley-Blackwell February 1994
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Content protection, resource allocation, and variable labour supply.
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        au: Fung, Michael Ka-Yiu
      su:
        Manufactured products
        Resource allocation -- Mathematical models
        Labor supply
        Mathematical models
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        subj:
          Manufactured products
          Resource allocation -- Mathematical models
          Labor supply
          Mathematical models
      keyword: Manufactures -- Local content
      ab: A three-sector general equilibrium model is used to study the implications of an increase in content protection under the assumption of variable labour supply (VLS). The role of VLS is highlighted in the paper. An increase in domestic content requirements increases the equilibrium labour supply, which magnifies the policy effects on the output levels (of agricultural, manufacturing, and intermediate goods) and the imports of foreign intermediates. Furthermore, the policy change may increase the national income of the economy while the national welfare is decreased. Reprinted by permission of the publisher.
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    language: English
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