Growth, Resource Allocation, and Welfare: An Extension to Non-Traded and Intermediate Goods
Growth, Resource Allocation, and Welfare: An Extension to Non-Traded and Intermediate Goods
- Neue Suche nach: AlAbdulhadi, Dhari Jassim
- Neue Suche nach: AlAbdulhadi, Dhari Jassim
This work is an extension of the existing literature on growth of factors of production, output expansions, and welfare of a nation involved in international trade. It used to be an accepted notion that growth augments welfare without question, until Jagdish Bhagwati and, later, Harry Johnson provided contrarian views on the issues under specified conditions. Here, in this article, an attempt is made to generalize the 2 × 2 models of Bhagwati and Johnson on factor growth, resource allocation, and welfare. The effects of growth on output changes and conditions for immiserizing growth are enunciated in this modified general equilibrium framework.
Dokumentinformationen
Growth, Resource Allocation, and Welfare: An Extension to Non-Traded and Intermediate Goods
The International trade journal ; 31 , 1
2017
Aufsatz (Zeitschrift)
Englisch
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