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Title: |
Export Promotion, Sectoral Unemployment, and
National Welfare |
| Author: |
Chao, Chi-Chur;
Yu, Eden S. H. |
| Author
Affiliation: |
Chinese U Hong
Kong and OR State U; Chinese U Hong Kong |
| Source: |
International Economic Journal, Winter 1999, v. 13, no. 4, pp. 1-15 |
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Publication Date: |
Winter 1999 |
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Abstract: |
A competitive, general equilibrium model
is developed to analyze the effectiveness of export-promotion policy. We
show that the employment and welfare effects of export promotion
crucially depend on the foreign import demand elasticity and the home
country's propensity to consume its export commodity. Our result is that
export promotion hurts the economy in the long run but it may improve
the short-run welfare under certain plausible conditions. |
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