학술저널
Foreign Capital, Processing Incentives, and Urban Unemployment
Foreign Capital, Processing Incentives, and Urban Unemployment
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제17권 제2호
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2002.06262 - 272 (11 pages)
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We use a general equilibrium model of a small developing economy with urban unemployment to illustrate the impact of processing incentives in the presence of foreign owned factors of production. We show that the location of the processing industry plays a crucial role in determining whether or not processing incentives will raise welfare through employment effects, but, once stability conditions are imposed, does not alter the positive investment terms-of-trade effect resulting from foreign ownership of resources.
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Export Restrictions and Welfare
Ⅳ. Urban Processing
Ⅴ. Concluding Comments
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