Foreign capital inflows and welfare in an economy with imperfect competition.
The writers consider the resource allocational and welfare effects of exogenous inflows of foreign capital in a general-equilibrium model with oligopolistic competition and unemployment. In the short run, the welfare impact is ambiguous and depends upon the strength of excess profits and scale econ...
| Publicado en: | Journal of Development Economics Vol. 45; pp. 141 - 155 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Elsevier Science
October 1994
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512533126&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512533126 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 03043878 JDE jtl: Journal of Development Economics issn: 03043878 maglogo: N pubinfo: dt: October 1994 vid: 45 pid: 1004 pub: Elsevier Science artinfo: ui: 512533126 10.1016/0304-3878(94)90064-7 ppf: 141 ppct: 14 formats: tig: atl: Foreign capital inflows and welfare in an economy with imperfect competition. aug: au: Chao, Chi-Chur Yu, Eden S. H. su: Mathematical models of capital investments Mathematical models of economics Welfare economics Monopolistic competition Mathematical models of economic competition Resource allocation -- Mathematical models Economic equilibrium sug: subj: Mathematical models of capital investments Mathematical models of economics Welfare economics Monopolistic competition Mathematical models of economic competition Resource allocation -- Mathematical models Economic equilibrium ab: The writers consider the resource allocational and welfare effects of exogenous inflows of foreign capital in a general-equilibrium model with oligopolistic competition and unemployment. In the short run, the welfare impact is ambiguous and depends upon the strength of excess profits and scale economies relative to unemployment in manufacturing. However, in the long run, additional inflows of foreign capital always improve national welfare with capital mobility. Thus, attracting foreign capital remains a sound policy for economies that are characterized by imperfect competition, scale economies, and regional unemployment. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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