Domestic labor, foreign capital and national welfare
The competitive allocation of labor across different sectors of an economy may not be socially optimal when one sector uses foreign capital. We argue that a suitably designed government intervention is required to restrict the sectors to their optimal size and maximize national welfare. Such a policy internalizes the possibility of repatriation and reinvestment. We demonstrate the optimality of a minimum wage regulation.
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- Chao, Chi-Chur & Yu, Eden S H, 1997. "Foreign-Investment Tax and Tariff Policies in Developing Countries," Review of International Economics, Wiley Blackwell, vol. 5(1), pages 47-62, February.
- Brecher, Richard A. & Diaz Alejandro, Carlos F., 1977. "Tariffs, foreign capital and immiserizing growth," Journal of International Economics, Elsevier, vol. 7(4), pages 317-322, November.
- Brecher, Richard A. & Findlay, Ronald, 1983. "Tariffs, foreign capital and national welfare with sector-specific factors," Journal of International Economics, Elsevier, vol. 14(3-4), pages 277-288, May.
- Ronald W. Jones & Sugata Marjit, 1995.
"Labour-Market Aspects of Enclave-Led Growth,"
Canadian Journal of Economics,
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- Jones, Ronald Winthrop & Marjit, Sugata, 1992. "Labor market aspects of enclave-led growth," Discussion Papers, Series II 179, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
- Yu, Eden S. H. & Chi-Chur, Chao, 1996. "Are wholly foreign-owned enterprises better than joint ventures?," Journal of International Economics, Elsevier, vol. 40(1-2), pages 225-237, February.
- Marjit, Sugata & Broll, Udo & Mitra, Sandip, 1997. "Targeting Sectors for Foreign Capital Inflow in a Small Developing Economy," Review of International Economics, Wiley Blackwell, vol. 5(1), pages 101-106, February.
- Hamid Beladi & Sugata Marjit, 1992. "Foreign Capital and Protectionism," Canadian Journal of Economics, Canadian Economics Association, vol. 25(1), pages 233-238, February.
- Beladi, H. & Marjit, S., 1992. "Foreign Capital and Protectionism," RCER Working Papers 310, University of Rochester - Center for Economic Research (RCER).
- Neary, Peter & Ruane, Frances P, 1988. "International Capital Mobility, Shadow Prices, and the Cost of Protection," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 29(4), pages 571-585, November.
- J. Peter Neary & Frances P. Ruane, 1984. "International capital mobility, shadow prices and the cost of protection," Working Papers 198432, School of Economics, University College Dublin.
- Neary, J Peter & Ruane, Frances, 1985. "International Capital Mobility, Shadow Prices and the Cost of Protection," CEPR Discussion Papers 58, C.E.P.R. Discussion Papers.
- Marjit, Sugata & Beladi, Hamid, 1996. "Protection and the gainful effects of foreign capital," Economics Letters, Elsevier, vol. 53(3), pages 311-316, December.
- Marjit, Sugata & Beladi, Seyed Abdolhamid, 1997. "Protection and the gainful effects of foreign capital," Discussion Papers, Series II 334, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
- Jones, Ronald W & Dei, Fumio, 1983. "International Trade and Foreign Investment: A Simple Model," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 449-464, October. Full references (including those not matched with items on IDEAS)
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