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2008 | 8 | nr 1 | 5--13
Tytuł artykułu

Domestic labour, foreign capital and welfare

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Języki publikacji
A competitive allocation of labour across different sectors of a small open economy may not be socially optimal when one sector uses foreign specific capital. We argue that a suitably designed economic policy is required to maximize national welfare of the host country. In particular such a policy design has to take into account repatriation of factor income by multinational firms. (original abstract)
Opis fizyczny
  • Dresden University of Technology
  • Dresden University of Technology
  • Centre for Studies in Social Sciences
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