IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v47y1995i4p663-75.html
   My bibliography  Save this article

The Average and Marginal Domestic Resource Cost of Foreign Exchange

Author

Listed:
  • Fane, George

Abstract

The average and marginal shadow domestic resource costs of earning or saving foreign exchange by expanding the gross outputs of particular industries are distinguished: the shadow costs of specific factors are included in the former concept but excluded from the latter, which is shown to be the appropriate guide to piecemeal reform of taxes on gross output. Applied DRC studies have generally attempted to estimate average DRCs, despite the fact that, correctly measured and in the absence of quantity restrictions and imperfect competition, the average DRC of a private firm must be unity. Copyright 1995 by Royal Economic Society.

Suggested Citation

  • Fane, George, 1995. "The Average and Marginal Domestic Resource Cost of Foreign Exchange," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 663-675, October.
  • Handle: RePEc:oup:oxecpp:v:47:y:1995:i:4:p:663-75
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0030-7653%28199510%292%3A47%3A4%3C663%3ATAAMDR%3E2.0.CO%3B2-E&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Martínez Ruiz, Elena, 2003. "Autarkic policy and efficiency in the Spanish industrial sector. An estimate of domestic resource cost in 1958," Economic History Working Papers 22352, London School of Economics and Political Science, Department of Economic History.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:47:y:1995:i:4:p:663-75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.