Trade, FDI, and congestion - the small and very open economy

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Title: Trade, FDI, and congestion - the small and very open economy
Authors: Dascher, Kristof
Permanent link: http://hdl.handle.net/10197/1253
Date: May-2000
Abstract: Typically, 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.
Funding Details: Centre for Economic Policy Research
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Foreign direct investment;Small open economy;Open city
Subject LCSH: Investments, Foreign
International trade
Ireland--Economic conditions--21st century
Labor mobility
Capital movements
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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