The Possibility of Welfare Gains with Capital Inflows in a Small Tariff-Ridden Economy
AbstractCapital inflows with full repatriation give rise to welfare improvement possibilities in a small tariff-distorted economy when imperfect competition and increasing returns are allowed for in one sector of a two-sector model. This is in contrast to the Brecher-Diaz-Alejandro (1977) proposition that capital inflows with full repatriation are necessarily immiserizing for a small tariff-ridden economy. The authors find that welfare gains changes are greater the higher the expenditure share of the capital-intensive differentiated good, the lower the substitutability between brands, and the lower the share of tariff revenue in national income. Copyright 1997 by The London School of Economics and Political Science
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 64 (1997)
Issue (Month): 254 (May)
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"Privatization in a Small Open Economy with Imperfect Competition,"
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- Arghya Ghosh & Partha Sen, 2012. "Privatization in a Small Open Economy with Imperfect Competition," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 441-471, 06.
- Partha Sen & Arghya Ghosh, 2010. "Privatization In A Small Open Economy With Imperfect Competition," Working papers 195, Centre for Development Economics, Delhi School of Economics.
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- Chakraborty, Brati Sankar, 2001. "Welfare consequence of capital inflow for a small tariff-protected economy," Journal of Development Economics, Elsevier, vol. 66(1), pages 305-316, October.
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