Optimal factor and production subsidies under classical unemployment

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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
Economic policy
Subsidies
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Status of Item: Not peer reviewed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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