Domestic labour, foreign capital and welfare
:
https://doi.org/10.21641/demo.v8i1.678Keywords:
Capital
International enterprise
Labour force mobility
Welfare economics
Kapitał
Przedsiębiorstwo międzynarodowe
Mobilność siły roboczej
Ekonomia dobrobytu
Abstract
A competitive allocation of labour across different sectors of a small open economy may not be socially optimal when one sector uses foreign specific capital. We argue that a suitably designed economic policy is required to maximize national welfare of the host country. In particular such a policy design has to take into account repatriation of factor income by multinational firms. (original abstract)License
Copyright (c) 2008 DEMO
This work is licensed under a Creative Commons Attribution 4.0 International License.
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How to Cite
Broll, Udo, et al. “Domestic Labour, Foreign Capital and Welfare”. DEMO, vol. 8, no. 1, Mar. 2008, pp. 5-13, https://doi.org/10.21641/demo.v8i1.678.
