Tribedy, Gopal; Beladi, Hamid; Biswas, Basudeb - In: Journal of Economic Studies 16 (1989) 1
A simple two‐sector general equilibrium model is developed to show how the phenomenon of negative value‐added occurs in the protected sector, when the intermediate input is an exportable of the country. Previously, it has been shown in a partial analysis that the production loss of negative...