International capital mobility, shadow prices and the cost of protection

Files in This Item:
File Description SizeFormat 
wp85_32.pdf810.3 kBAdobe PDFDownload
Title: International capital mobility, shadow prices and the cost of protection
Authors: Neary, J. Peter
Ruane, Frances P.
Permanent link: http://hdl.handle.net/10197/1941
Date: Dec-1984
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.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
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Status of Item: Not peer reviewed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

Show full item record

Page view(s) 20

126
checked on May 25, 2018

Download(s) 50

129
checked on May 25, 2018

Google ScholarTM

Check


This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.