학술저널
Fiscal Policy in a Small Open Economy with Foreign Capital
Fiscal Policy in a Small Open Economy with Foreign Capital
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제10권 제2호
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1995.06219 - 229 (11 pages)
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Utilizing a two-sector general equilibrium model, the implications of a tax-financed fiscal expansion in a small open economy with or without internationally capital mobility are studied. Various welfare implications are shown to be possible. Conditions for different cases to happen are derived and discussed in the paper.
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