Journal article
Increased Input Supplies, Government Size, Welfare and Trade in the Presence of Increasing Returns
Journal of Economics, Vol.78(3), pp.259-272
2003
Abstract
This paper examines the impact of exogenous changes in the supply of primary factors of production on the relative size of government and welfare in the context of a model where increasing returns are present in the production of an intermediate good. It is shown that an increase in the supply of labor (capital) increases the relative size of government if the share of labor is large (small) in the public sector as compared to the private sector. An increase in the supply of capital increases welfare but the impact of an increase in the supply of labor cannot be unambiguously determined. In the context of a North-South model, the paper also considers the pattern of trade. It is shown that North will export capital-intensive intermediate goods to the South.
Details
- Title
- Increased Input Supplies, Government Size, Welfare and Trade in the Presence of Increasing Returns
- Authors
- Sajid Anwar (Author) - University of Canberra
- Publication details
- Journal of Economics, Vol.78(3), pp.259-272
- Publisher
- Springer Wien
- Date published
- 2003
- DOI
- 10.1007/s00712-002-0568-3
- ISSN
- 0931-8658
- Organisation Unit
- School of Business and Creative Industries; Indigenous and Transcultural Research Centre; University of the Sunshine Coast, Queensland; USC Business School - Legacy
- Language
- English
- Record Identifier
- 99449639602621
- Output Type
- Journal article
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