dc.contributor.author | Michael, Michael S. | en |
dc.contributor.author | Hatzipanayotou, Panos | en |
dc.creator | Michael, Michael S. | en |
dc.creator | Hatzipanayotou, Panos | en |
dc.date.accessioned | 2019-05-03T05:22:37Z | |
dc.date.available | 2019-05-03T05:22:37Z | |
dc.date.issued | 1999 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47625 | |
dc.description.abstract | We consider a general equilibrium trade model of a small open economy with a representative consumer, where labour supply is variable, where imports are restricted by a small tariff, a quota or a voluntary export restraint (VER), and where alongside the production of two traded goods-one imported and one exported-a pure public good is produced and funded through an income tax. Within this framework, we demonstrate, among other things, that under certain conditions, while a small tariff or quota reduces employment and welfare, a VER may increase them. Thus, in the context of a small open economy, contrary to standard results, in certain cases VERs may become the welfare- and employment-dominant instrument over the alternative import restrictions. | en |
dc.language.iso | eng | en |
dc.source | Economica | en |
dc.subject | theoretical study | en |
dc.subject | employment | en |
dc.subject | import | en |
dc.subject | consumption behavior | en |
dc.subject | trade policy | en |
dc.subject | labor supply | en |
dc.title | General equilibrium effects of import constraints under variable labour supply, public goods and income taxation | en |
dc.type | info:eu-repo/semantics/article | |
dc.identifier.doi | 10.1111/1468-0335.00177 | |
dc.description.volume | 66 | |
dc.description.startingpage | 389 | |
dc.description.endingpage | 401 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Οικονομικών / Department of Economics | |
dc.type.uhtype | Article | en |
dc.contributor.orcid | Michael, Michael S. [0000-0002-7642-1261] | |
dc.contributor.orcid | Hatzipanayotou, Panos [0000-0002-7176-1347] | |
dc.description.totalnumpages | 389-401 | |
dc.gnosis.orcid | 0000-0002-7642-1261 | |
dc.gnosis.orcid | 0000-0002-7176-1347 | |