Browsing by Subject "welfare effect"
Now showing items 1-2 of 2
Foreign aid and public goods (1995)Most less-developed countries (LDCs) use foreign economic aid to finance public consumption goods, or public intermediate inputs. This paper constructs a two-country general equilibrium trade model, where an income transfer ...
The welfare and employment effects of trade and factor taxes with variable factor supply (1994)This paper develops a general trade model with many traded goods, many internationally mobile factors, and with endogenous labor supply. Within this framework, the employment and welfare effects of taxes on trade, on wages ...