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 | 2019-05-03T05:22:38Z | |
dc.date.available | 2019-05-03T05:22:38Z | |
dc.date.issued | 1990 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/47635 | |
dc.description.abstract | We construct a small open economy model characterized by unemployment, diminishing returns to scale in production, and free international captial mobility. When a sub-optimum labor subsidy exists, the optimal policy is a production or consumption subsidy on the imported good, and it is an import tariff or subsidy according to whether such a policy raises the country's overall employment. When for reasons other than efficiency, a sub-optimal tariff structure exists, the optimal policy towards labor (capital) can be a subsidy or tax when no capital (labor) tax or subsidy exists. When trade is free, the optimal policy towards either factor is always a subsidy. [411, 422] | en |
dc.language.iso | eng | en |
dc.source | International Economic Journal | en |
dc.source.uri | http://www.tandfonline.com/doi/pdf/10.1080/10168739000000024 | |
dc.title | Optimum policies with unemployment and international capital mobility | en |
dc.type | info:eu-repo/semantics/article | |
dc.description.volume | 4 | |
dc.description.startingpage | 35 | |
dc.description.endingpage | 46 | |
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 | 35-46 | |
dc.gnosis.orcid | 0000-0002-7642-1261 | |
dc.gnosis.orcid | 0000-0002-7176-1347 | |