Protection and the Shadow Price of Foreign Exchange with Increasing Returns and International Capital Mobility.
In an economy with an external increasing returns technology and a convex production set, international capital mobility reduces the shadow price of foreign exchange if quotas or voluntary export restraints are in force, but leaves this shadow price unaltered if tariffs are in place.
Year of publication: |
1997
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Authors: | Chandra, Vandana ; Naqvi, Nadeem |
Published in: |
Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 30.1997, 4, p. 959-67
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Publisher: |
Canadian Economics Association - CEA |
Saved in:
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