Protection and the Shadow Price of Foreign Exchange with Increasing Returns and International Capital Mobility
AbstractIn an economy with an external increasing returns technology and a convex production set, international capital mobility reduces the shadow price of foreign exchange if quotas or voluntary export restraints are in force, but leaves this shadow price unaltered if tariffs are in place.
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Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 30 (1997)
Issue (Month): 4 (November)
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