Trade, FDI, and Congestion - The small and very open Economy
AbstractTypically, a small and open economy trades goods at given world prices. Here, we present a model of a very open small economy, where capital and labor are internationally mobile, too. When investing into infrastructure, the economy’s government attracts not only mobile capital but mobile labor, also. These capital and labor inflows into the economy reinforce each other. They contribute to rising welfare for land owning indigenous households. But all potential benefits for land renting immigrant households are capitalized into higher land rents. - The paper is also an attempt to give an account of the recent economic boom in Ireland.
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Bibliographic InfoPaper provided by School Of Economics, University College Dublin in its series Working Papers with number 200009.
Length: 31 pages
Date of creation: 11 May 2000
Date of revision:
Foreign Direct Investment; Small Open Economy; Open City;
Other versions of this item:
- Dascher, Kristof, 2000. "Trade, FDI and Congestion - the Small and very Open Economy," CEPR Discussion Papers 2526, C.E.P.R. Discussion Papers.
- Dascher, K., 2000. "Trade, FDI and Congestion: the Small and Very Open Economy," Papers 00/09, College Dublin, Department of Political Economy-.
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
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