Domestic labour, foreign capital and welfare

• Autorzy: Udo Broll , Sabine Hansen-Averlant , Sugata Marjit
• Języki publikacji: EN

Abstrakty

EN

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)

Słowa kluczowe

EN

Capital; International enterprise; Labour force mobility; Welfare economics; Small open economy

PL

Kapitał; Przedsiębiorstwo międzynarodowe; Mobilność siły roboczej; Ekonomia dobrobytu; Mała gospodarka otwarta

• Czasopismo: The Poznań University of Economics Review
• Rocznik: 2008
• Tom: 8
• Numer: nr 1
• Strony: 5--13

Twórcy

autor

Udo Broll

• Dresden University of Technology

autor

Sabine Hansen-Averlant

• Dresden University of Technology

autor

Sugata Marjit

• Centre for Studies in Social Sciences

Bibliografia

• Beladi, Hamid and Sugata Marjit (1992), Foreign Capital and Protectionism, Canadian Journal of Economics 25(1), January, pp. 233-238.
• Brecher, Richard A. and Carlos F. Diaz-Alejandro (1977), Tariffs, Foreign Capital and Immiserzing Growth, Journal of International Economics 7(4), December, pp. 317-322.
• Brecher, Richard A. and Ronald Findlay (1983), Tariffs, Foreign Capital and National Welfare with Sector Specific Factors, Journal of International Economics 14(3-4), December, pp. 277-288.
• Broll, Udo and Kit Pong Wong (2006), Multinationals, Hedging and Capital Structure under Exchange Rate Uncertainty, Open Economies Review 17(1), pp. 103-114.
• Chao, Chi-Chur and Eden S.H. Yu (1996), Are Wholly Foreign-Owned Enterprises better than Joint Ventures? Journal of International Economics 40(1-2), March, pp. 225-237.
• Chao, Chi-Chur and Eden S.H. Yu (1997), Foreign-Investment Tax and Tariff Policies in Developing Countries, Review of International Economics 5(1), January, pp. 47-62.
• Feenstra, Robert C. (2007), Globalization and its Impact on Labour, Global Economy Lecture 2007, Vienna Institute for International Economic Studies.
• Jones, Ronald W. (1995), A Three-Factor Model in Theory, Trade and History, in: International Trade, Vol. 59 International Library of Critical Writings in Economics, pp. 39-57, Aldershot and Brookfield: Elgar.
• Jones, Ronald W. and Fumio Dei (1983), International Trade and Foreign Investment: A Simple Model, Economic Inquiry 21(4), December, pp. 449-464.
• Jones, Ronald W. and Sugata Marjit (1995), Labour-Market Aspects of Enclave-led Growth, Canadian Journal of Economics 28, Special Issue, pp. 76-93.
• Marjit, Sugata, Broll, Udo and Sandip Mitra (1997), Targeting Sectors for Foreign Capital Inflow in a Small Developing Economy, Review of International Economics 5(1), January, pp. 101-106.
• Mukherjee, Arijit and Udo Broll (2007), Welfare Effects of Foreign Direct Investment: Cost Saving vs. Signaling, Journal of Economics 90(1), pp. 29-41.
• Neary, Peter and Frances P. Ruane (1988), International Capital Mobility, Shadow Prices and the Cost of Protection, International Economic Review 29(4), December, pp. 571-585.
• Warr, Peter C. (1990), Export Processing Zones, in: C. Milner (Ed.) Export Promotion Strategies: Theory and Evidence for Developing Countries, pp. 130-161, New York: Columbia University Press.