International capital mobility, shadow prices and the cost of protection

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Title: International capital mobility, shadow prices and the cost of protection
Authors: Neary, J. Peter
Ruane, Frances P.
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Date: Dec-1984
Online since: 2010-05-07T13:49:47Z
Abstract: This paper studies the welfare losses from tariff protection in a general model of a small open economy where some factors are internationally mobile. It is show that, as long as the economy remains incompletely specialised, international factor mobility must raise the cost of protection. This result is illustrated in the context of the specific-factors and Heckscher-Ohlin models. In addition, its relationship to earlier work on immiserising captial inflows on negative shadow prices for factors of production is examined, which allows us to synthesise a number of recent results within a common framework.
Item notes: A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; 32
Subject LCSH: Capital movements
Heckscher-Ohlin-Samuelson model
International trade
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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