Optimal factor and production subsidies under classical unemployment
|Title:||Optimal factor and production subsidies under classical unemployment||Authors:||Barry, Frank||Permanent link:||http://hdl.handle.net/10197/1479||Date:||Jan-1991||Abstract:||This paper appraises and compares the macroeconomic effects of three supply-side policies - namely employment, investment and production subsidies - within the context of a multisectoral two-period model of a small open economy with classical unemployment. Optimal subsidy levels are studied, a hierarchy of policies is derived, and policy rankings are shown to survive the introduction of common alternative specifications of the social welfare function.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Subject LCSH:||Unemployment
States, Small--Economic conditions--Econometric models
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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