학술저널
On the Participation of Local Capital in a Foreign Enclave-A General Equilibrium Analysis
On the Participation of Local Capital in a Foreign Enclave-A General Equilibrium Analysis
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제9권 제4호
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1994.12489 - 501 (13 pages)
- 0

We provide a general equilibrium analysis of a “joint venture between local and foreign capitalists in an export sector of a small economy. When, due to political reasons, the local government is unable to alter the tariff rates drastically, promoting such joint-ventures improves national welfare. Our results obtained earlier in a “full employment context continue to hold in a model with unemployment.
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